NASHVILLE, Tenn.–VolCorp and CRF Advisors, Inc. have announced a partnership under which VolCorp’s credit union members will now have access to CRF’s Current Expected Credit Loss (CECL) software platform.
“We knew our credit unions needed assistance with CECL implementation and compliance,” said Susan Stack, CFO with VolCorp. “After thoroughly evaluating several companies who offer CECL solutions, we felt that CRF Advisors would be the best fit for VolCorp and its members.”
Ted Ahn, President of CRF Advisors added, “Our goal is to provide an efficient and effective CECL solution to VolCorp Credit Unions and provide management with the support to help document the processes and assumptions used in the CECL calculation”.
According to the organizations, CRF CECL software for VolCorp members will offer:
- Dedicated team for development and customizations
- Rigorous project planning for timelines and project resourcing
- Continuous tracking and monitoring of progress and priorities throughout the project
- Regular communication with the project team to ensure quality
- Exclusive discounted pricing for VolCorp members