Fresh Today

Fresh Today

JACKSONVILLE, Fla. – The CEO and the CFO at 121 Financial Credit Union here have been let go. The reason: the credit union has decided to go in a “different direction,” according to a statement provided News4Jax.

WASHINGTON—Credit unions consistently cite the current expected credit loss (CECL) standard as one of, if not the biggest compliance challenge they are facing, and the Financial Accounting Standards Board (FASB) should search for any opportunities to provide relief to credit unions, CUNA wrote.