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Financial Accounting Standards Board

Kansas, Missouri U.S. House Members Sign FASB Letter Outlining Concerns

Jan
29
Kansas, Missouri U.S. House Members Sign FASB Letter Outlining Concerns

Eight U.S. Representatives from the Missouri and Kansas delegations showed their support for credit union matters by signing a letter addressing concerns to the Financial Accounting Standards Board (FASB). The letter was signed by 62 members of Congress. FASB is in the final stages of reviewing a proposed standard that would change the accounting method for assessing credit impairment, a proposal that could have significant impact on lending in communities for credit unions. 

Posted By Nora Holloway read more

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.

Posted By Nora Holloway read more
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