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Financial Accounting Standards Board

MCUA Files Letter with the FASB—Credit Loss Proposal Will Hurt Credit Unions

Jun
03
MCUA Files Letter with the FASB—Credit Loss Proposal Will Hurt Credit Unions

The Missouri Credit Union Association (MCUA) strongly opposes a proposal to change the methodology for recognizing and reporting credit impairment.  In a comment letter filed last week, MCUA urged the Financial Accounting Standards Board (FASB) not to proceed with its proposed accounting standards update.

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