OnApproach Sponsors CECL Study to Help Prepare Credit Unions

Posted by Mark Portz on Apr 19, 2017 4:04:00 PM

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Minneapolis, MN (April 19, 2017) – OnApproach (, the leading provider of Big Data and Analytics for credit unions, with NAFCU and Allied Solutions, has sponsored an extensive study on the new CECL regulations to help credit unions understand the regulations and determine how to best implement the necessary changes.

The study, titled “The Deep Future Analytics CECL Study: Alternatives, Impacts, Accuracy and Complexity”, is authored by Dr. Joseph L. Breeden. It takes an in-depth look at the new regulations, how credit unions can meet these new compliance expectations, and explains the advantages and disadvantages of each method. Dr. Breeden simplifies the complexities associated with CECL and answers many of the questions credit unions are facing regarding the new regulations.

“The new accounting rules for estimating loan loss reserves offer general guidelines and a list of possibilities, but no specific recommendations for how best to implement those rules. The present study uses a large mortgage dataset from Fannie Mae and Freddie Mac to test a range of models and options. The results quantify the pros and cons of these options,” stated Joseph Breeden, Principal Investigator.

“We are proud to sponsor this CECL study. There is a lot of anxiety throughout the industry regarding the CECL regulations. As a CUSO, we are dedicated to serving credit unions and helping to provide a sound future through analytics. This investigation into CECL serves as a great resource for credit unions to utilize when preparing for and deciding how to handle this challenge,” said Paul Ablack, CEO, OnApproach. 

The Deep Future Analytics CECL Study: Alternatives, Impacts, Accuracy and Complexity can be downloaded at  

About OnApproach

OnApproach is a CUSO that focuses on providing credit unions with the power to use data as a competitive advantage both independently and cooperatively.  With OnApproach, credit unions can now harness the value of Big Data/Analytics through integration, advanced reporting, and predictive analytics.  This deeper understanding of data allows credit unions to discover vital trends in member behavior, resulting in improved financial performance, reduced risk, and enriched relationships with members.

Contact Information

Austin Wentzlaff, Director of Business Development

(888) 523-6121 Ext. 110

About Deep Future Analytics

Deep Future Analytics, LLC (DFA) is owned by Denali FCU and Prescient Models, LLC.  Prescient Models’ owner Dr. Joseph Breeden has been building credit risk models for 20 years for large lenders in North America, Europe and Asia.  Over the past 4 years, Breeden and Denali have built a loan level, CECL-ready credit risk model for credit union portfolios.  Employing a shared data repository allows credit unions to benefit from data scale previously only available to large, money-center banks.

Contact Information

Dale Fosselman, President & CEO

(907) 375-7999

The Deep Future Analytics CECL Study: Alternatives, Impacts, Accuracy, and Complexity


Don't forget to sign up for the upcoming webinar with Deep Future Analytics regarding the study, taking place Wednesday, May 3, 2017.  Click to register for the webinar.

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Topics: CECL

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