Removing Barriers Blog

CUNA Reaches Out to New FASB Chair
Posted July 01, 2020 by Chandler Schuette

Today, CUNA sent a letter to congratulate Richard Jones on his new position as Chairman of the FASB. The letter highlights the credit union difference, one of the reasons not all GAAP accounting standards are appropriate for credit unions. We also used the opportunity to ensure the new Chair is aware of our opposition to CECL for credit unions.