{"id":3906,"date":"2022-01-14T10:10:09","date_gmt":"2022-01-14T15:10:09","guid":{"rendered":"https:\/\/www.ncultheaffiliate.com\/?p=3906"},"modified":"2022-01-14T10:10:09","modified_gmt":"2022-01-14T15:10:09","slug":"ceclution-your-millennium-corporate-cecl-solution","status":"publish","type":"post","link":"https:\/\/www.ncultheaffiliate.com\/?p=3906","title":{"rendered":"CECLution \u2013 Your Millennium Corporate CECL Solution!"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;]<\/p>\n<p>As you know, big changes are coming for credit unions on accounting for expected credit losses in the future, in the form of CECL \u2013 Current Expected Credit Loss \u2013 the Financial Accounting Standards Board\u2019s (FASB) new accounting standard for estimating loan losses that is now scheduled to take effect January 1, 2023.<\/p>\n<p>It\u2019s time for you to find your CECL Solution with Millennium Corporate \u2013 <strong>CECLution!<\/strong><\/p>\n<p><strong>CECLution<\/strong> is a credit union developed service that fits your CECL needs and budget. It\u2019s online, on-demand, comprehensive yet simplified, and soon to market <strong>(available in 1Q2022)<\/strong>.<\/p>\n<p>There\u2019s no daunting task of building historical databases, no long-term contracts locking you into a solution and partner unfamiliar with credit union regulations. <strong>CECLution<\/strong> addresses all these serious concerns and provides these additional benefits-<\/p>\n<ul>\n<li>The option to create and save customized assumption sets (balances, rates, maturity terms, pre-payments and more)<\/li>\n<li>Automatic monthly upload of economic data<\/li>\n<li>Saved and stored credit union forecasts<\/li>\n<li>Quick and easy model adjustments<\/li>\n<li>And, again, <strong>CECLution<\/strong> captures and maintains credit union historical data!<\/li>\n<\/ul>\n<p>Before you sign with another provider, consider <strong>CECLution<\/strong> with Millennium Corporate! And, if you have already signed elsewhere, keep <strong>CECLution<\/strong> in mind as a secondary validation method.<\/p>\n<p>Please email <a href=\"mailto:marketing@millenniumcorporate.org\">marketing@millenniumcorporate.org<\/a> to learn more!<\/p>\n<p><em>(Need not be a member to partner with Millennium Corporate for <strong>CECLution <\/strong>but non-capitalized membership options are available if you\u2019re interested in becoming one.)<\/em><\/p>\n<p><img loading=\"lazy\" class=\"wp-image-3908 aligncenter size-full\" src=\"http:\/\/www.ncultheaffiliate.com\/wp-content\/uploads\/2022\/01\/MilleniumLogoFNLHORZ-002.png\" alt=\"\" width=\"513\" height=\"82\" \/><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n  ","protected":false},"excerpt":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;] As you know, big changes are coming for credit unions on accounting for expected credit losses in the future, in the form of CECL \u2013 Current Expected Credit Loss \u2013 the Financial Accounting Standards Board\u2019s (FASB) new accounting standard for estimating loan [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/3906"}],"collection":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3906"}],"version-history":[{"count":0,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/3906\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}