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NCUA RIN: 3133-AF03 Publication ID: Fall 2019 
Title: ●Transition to the Current Expected Credit Loss (CECL) Methodology 

The NCUA Board is developing a proposed rule to address the implementation by federally-insured credit unions of the new current expected credit losses (CECL) methodology required under U.S. generally accepted accounting principles. Consistent with regulations issued by the Federal banking agencies, the proposed rule would temporarily mitigate the adverse consequences of the day-one capital adjustments required by CECL.

Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 702   
Legal Authority: 12 U.S.C. 1766(a)    12 U.S.C. 1784(a)    12 U.S.C. 1786(e)    12 U.S.C. 1790d   
Legal Deadline:  None
Action Date FR Cite
NPRM  01/00/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Agency Contact:
Ariel Pereira
Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 548-2778
Fax:703 518-6569