Credit Loss Expense - Held-to-Maturity Debt Securities

Acct Code

Description

Tip for pulling data stored in CU*BASE

IS0013

If you have adopted ASC Topic 326: Financial Instruments - Credit Losses (CECL) report the amount of credit loss expense associated with Held-to-Maturity Debt Securities.

This can be a General ledger balance from your credit union income statement. Obtain the balance of the G/L account as of quarter end.

Default automation routine is G/L quarterly account balances. The default G/L numbers are listed. If you do not want these G/L balances to auto-populate for this Account Code, click then enter to access the configuration screen where you can change or delete the default G/L configuration.