CECL Delay Formally Proposed; FASB Is Seeking Comment

Credit union trade groups have vehemently argued that they should not be subject to CECL at all.

By David Baumann | August 16, 2019 at 11:46 AM

The Financial Accounting Standards Board on Thursday formally proposed pushing back the effective date for credit union compliance with the Current Expected Loss Standard (CECL) for another year–to January 2023.

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Georgia Man Sentenced for Organizing Elaborate Payroll Check Fraud Scheme

By Peter Strozniak | December 18, 2024

Toddorius Goodwin recruits impoverished individuals to cash checks at credit unions and banks in Utah.

Georgia Man Sentenced for Organizing Elaborate Payroll Check Fraud Scheme

Cox Automotive Sees ‘Goldilocks Economy’ Continuing Into 2025

By Jim DuPlessis | December 18, 2024

Economist says a chief assumption is that Trump won’t impose tariffs affecting the auto industry.

Cox Automotive Sees ‘Goldilocks Economy’ Continuing Into 2025

Credit Unions Shed $15 Billion in Auto Loans

By Jim DuPlessis | December 17, 2024

Trade group estimates the slowest overall loan growth in at least 10 years and fourth month in row of dwindling car loans.

Credit Unions Shed $15 Billion in Auto Loans

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