March 9, 2022

After years of anticipating current expected credit losses (CECL), January 2023 is within sight. And the compliance deadline won’t be moving.

For many banks, the biggest challenge is simply adopting an unfamiliar process for calculating reserves. Fortunately, regulators have made strides toward minimizing possible disruptions. In fact, they’ve addressed many concerns head-on.

I’m daring to write one more column on the power of advocacy and hope you’ll consider using these ideas to further engage “your troops” in the battles that lay ahead for us.

We are truly excited about member engagement in 2022. Your Executive Committee and Board have devoted much of our time in recent meetings to the topic. In that regard, we are hosting regional member meetings beginning in March that will continue into the second quarter. Why host member meetings? We believe it is a great opportunity to ensure the strategic and operating priorities of your Association are aligned with your bank’s needs.