CECL is in the news a LOT now that we're less than a year out from the transition. Robert Ashbaugh and Chris Emery are making sure your financial institution understands all of the recent changes and the ways that those changes and proposals might affect your institution's CECL implementation. Tune in for our free webinar in two weeks -- get registered here: http://bit.ly/2GrF1mr
Several questions as to how other banks are handing shadow accounting within their core.
- If the loan becomes current for 6 months and is eligible to be restored to accrual status- is that loan moved off shadow accounting or does it remain and is just change to accruing?
- In computing the Allowance for Loans and Leases Reserve- is the GL balance (shadow- principal taken only so much lower) or the Customer balance ( P& I taken per amortization) on the core used to compute the reserve adequacy?
- How is a shadow loan reported on the Call Report- is there any difference in the way the loan was reported before it was moved to shadow accounting?
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Download the results of the 2017 Credit Union Contact Benchmark Survey, conducted by Strategic Contact and sponsored by SilverCloud.
The survey was conducted to empower credit union contact centers to raise their standards of service and respond to growing competition and heightened member expectations. In this document, we share insights and trends observed since the inaugural study in 2016.
The SilverCloud Team