Credit Union

What’s new with CU Clarity, our CECL Warm Solution – Q1 2022 Release

High Level Release Notes

• TDR & Impaired screen has changed to Specific Reserves, to adjust for FASB changes to TDR Requirements. Read more below....
• A new feature to calculate weighted average remaining maturity values for each loan pool based off your loan-level information, creating a CECL reserve precise to your credit union. Read more...
• Verbiage improvements throughout the application, based off user feedback, to promote better understanding and use of the product.
• CU Clarity will be undergoing a name change to Accolade Analytics to better represent the future vision of the product. You will see this name change happening slowly, but this will not impact how you use the tool.

Stabilize Investment Income with Strategy

Investment strategy can be intimidating when rates are moving. Credit Unions are not compensated to speculate on interest rate moves, nor can anyone perfectly time the market. A sound investment strategy should be part of a wholistic balance sheet strategy that ensures stable income regardless of the rate environment.

TDR Requirements Eliminated for CECL Adopters

A CUNA-supported proposal to eliminate the TDR requirements should lower the overall complexity of managing and reporting credit union loan portfolios

The CECL Journey: Steps to Meeting the New Standard

 Not sure where to start with CECL? Accolade has prepared a timeline to help you breakdown the daunting task into easy to follow quarterly milestones.

Impact of Borrower Defaults on Agency MBS

Default Risk is Transformed into Prepayment Risk for Agency MBS Investors

Federal Reserve December Meeting

FOMC members announced two important changes to their forward guidance.