Credit unions have access to the National Credit Union Administration’s (NCUA) newly updated Simplified CECL Tool (Current Expected Credit Loss), released this month.
NCUA developed the tool primarily for small and non-complex credit unions as an option to estimate the allowance for credit losses on loans and leases. The September 2025 update provides the latest life-of-loan — or Weighted Average Remaining Maturity — factors.
For credit unions currently using the Simplified CECL Tool, the release facilitates calculating the credit loss expense on loans and lease for the period ending Sept. 30.
To get the latest version, visit the Simplified CECL Tool page and click on “Download the Latest Simplified CECL Tool.” Frequently Asked Questions, the User Guide, and the Model Development Document are also located on the page.
The NCUA updates the Simplified CECL Tool quarterly, enabling credit unions to use it when closing their books and submitting their quarterly NCUA Call Report.
For more information on CECL, visit NCUA’s CECL Resources page.
For more information, email Lisa Quaranta.
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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