NCUA to Host Jan. 11 Webinar on Simplified CECL Tool

The National Credit Union Administration will offer a webinar on January 11 that explains how to use the agency’s simplified CECL tool.

Online registration for this webinar, “The Simplified CECL Tool, Best Practices,” is now open. The webinar is scheduled to begin at 2 p.m. Eastern and run approximately 60 minutes.

Chris McGrath and Trey Damron from the NCUA’s Office of Examination and Insurance will review how the tool works and its latest update as well as discuss best practices. The NCUA developed the Simplified Tool primarily for use by credit unions with assets of less than $100 million.

The webinar will be close captioned, and there is no charge. Participants will be able to log in and view the event on their computers or mobile devices using the registration link. They should allow pop-ups from this website.

Participants are encouraged to submit questions in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “Simplified CECL Tool.” Please email technical questions about accessing the webinar to either uccwebinar@ncua.gov or uccsupport@ncua.gov.

This webinar will be archived on the NCUA’s Learning Management System following the live event. A Learning Management System account is required to view the archived webinar, and it also provides access to the NCUA’s other training and educational materials.