Accolade Asset/Liability Advisory Services, a wholly owned credit union service organization (CUSO) of Corporate One Federal Credit Union, announced today that it has named David Fearing to the position of president/CEO. David has previously served as the vice president of credit union development at National Cooperative Bank, and he replaces retiring president/CEO, Joe Ghammashi, who announced his retirement plans earlier this year.

As we move one year closer to the implementation of the Financial Accounting Standards Board’s (FASB’s) new CECL rules, which overhaul the way credit unions calculate ALLL (allowance for loan and lease losses), Accolade is here to provide guidance to your credit union.

Your credit union’s balance sheet is a picture of the institution’s core underpinnings: the assets, liabilities, and capital of your credit union.

The bond market turned a corner this week and reversed the year-to-date yield declines as stocks continued to climb...