Say hello to CECLution...your new tool for CECL compliance.
Like it or not, Current Expected Credit Loss – also known as CECL – will significantly impact how credit unions account for expected credit losses.
Have no fear – CECLution is here.
We are pleased to introduce a new product designed to help credit unions prepare for upcoming FASB accounting changes. CECLution is a robust, self-directed, online platform built on the financial know-how of Catalyst Strategic Solutions.
Based on the Weighted Average Remaining Maturity (WARM) method, CECLution offers several benefits:
- Captures and maintains credit union historical data
- Automatically integrates economic data
- Displays credit union and peer data
- Enables fully customizable Q-factors and carve-outs
- Preserves core assumptions for easy updates
- Saves and stores forecasts
Want to know more? Explore the many other features and benefits of this service or request a no-obligation demonstration today.
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