Release date: June 26, 2017
Duration: 87 Minutes
In session 1 we examined the factors that led to CECL. This included a historical review, outcomes and consequences as well as directions from FASB affecting implementation. Session 2 will build on that foundation by presenting and evaluating strategies for preparing to implement CECL. We will examine static pool analysis in comparison to credit migration and the impacts of each method on credit unions.
The goal is to help CU executives understand what to expect and how best to prepare.
MEET THE PRESENTER
For nearly 30 years, Dr. Randy Thompson has consulted with Credit Unions delivering training on loan and deposit pricing, credit migration and ALLL to federal and state examiners in six western states in addition to credit unions. He holds advanced degrees (Ph.D. and MS) in Finance, Statistics, Economics and Public Health and taught graduate courses in finance and statistics at several Universities in the western United States. He is a frequent speaker at League and Association meetings and has authored papers and articles for Credit Union trade journals, the New Jersey Credit Union League, California/Nevada Credit Union League, CU Times and CU Business trade magazines. He is the creator of TCT Suite of products including risk based pricing, deposit pricing, Credit Migration, with ALLL, and the CostPro Earnings at Risk ALM Simulation Model. Dr. Thompson is the 2013 Kim Bannon Eternal Flame Award recipient for his service to credit unions. He is the father of 12 children and grandfather to 25 grandchildren. He is a private pilot and an avid gardener.