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CECL Credit Loss Calculator SM



ARE YOU CECL-READY?

TransUnion® and EXL are your trusted partners for the quick and easy generation
of your CECL reports.

Tap DIRECTLY into the TransUnion® data feed to be able to import your data
automatically and allow our models to process your CECL estimates in minutes!

Register today to be able to utilize our online reporting platform and ensure
you're CECL-ready.

LOGIN
LEARN MORE

TRANSUNION® AND EXL OFFER CECL MODELING FOR:


Mortgage
Accounts

Auto
Loans

Credit Card
Accounts

Personal
Loans

Student
Loans

HELOC
Loans


HOW IT WORKS

JUST A FEW SIMPLE STEPS TO GET YOUR CECL REPORTS

Register Account
Upload Data & Configure Reports
Get your CECL Reports
GET STARTED TODAY


WHAT IS CECL?

"CECL," short for "Current Expected Credit Loss," is an accounting requirement
for credit lenders in the United States enacted by the Financial Accounting
Standards Board ("FASB") to regulate expected losses in the event of an economic
downturn, similar to that witnessed in 2007-2008.

Financial institutions are required to adhere to reporting requirements imposed
by this regulation and are required to use a combination of historical data,
current market conditions, and forecasting models to predict expected losses
over the life of a loan.

TransUnion® has made it simple to comply with the regulation by creating models
that digest your financial institution's data and generate all the necessary
reporting requirements customized to your portfolios. See how it works!

GET STARTED TODAY


WHY TRANSUNION®?

TransUnion® takes data security VERY seriously. You can feel safe knowing that
your data is in reliable hands.

All information utilized in your reporting is stored securely with best-in-class
security protocols and is subjected to routine auditing.

Our CECL reporting portal also enables you to tap directly into TransUnion's®
data sources to import your portfolios automatically or you can upload your data
from your own files.

GET STARTED TODAY



YOUR DATA, YOUR WAY

With the TransUnion® CECL reporting portal, you can configure your reports to be
customized to your portfolios and reporting needs.

The power is in your hands to decide what kinds of information you need and what
types of reports you wish to generate. Let our custom models do the hard work
for you to analyse your data.

 * Leverage the TransUnion® data feed
 * Schedule reports to run at specified intervals
 * Export reports to Excel, CSV, etc.
 * Configurable techniques, segmentation and overlays

GET STARTED TODAY


FREQUENTLY ASKED QUESTIONS

What is CECL?

"CECL," short for "Current Expected Credit Loss," is an accounting requirement
for credit lenders in the United States enacted by the Financial Accounting
Standards Board ("FASB") to regulate expected losses in the event of an economic
downturn, similar to that witnessed in 2007-2008.

Financial institutions are required to adhere to reporting requirements imposed
by this regulation and are required to use a combination of historical data,
current market conditions, and forecasting models to predict expected losses
over the life of a loan.

TransUnion® has made it simple to comply with the regulation by creating models
that digest your financial institution's data and generate all the necessary
reporting requirements customized to your portfolios.

Who does CECL apply to?

CECL applies to every bank, credit union, savings association, and holding
companies, regardless of size, that file regulatory reports for which the
reporting requirements conform to U.S. generally accepted accounting principles
(GAAP).

When did CECL go into effect?

The final standard was enacted by the FASB on June 16, 2016. It set forth three
(3) effective dates:

 1. For a PBE that is an SEC filer, as both terms are defined in U.S. GAAP, the
    new credit losses standard is effective for fiscal years beginning after
    December 15, 2019, including interim periods within those fiscal years.
    Thus, for an SEC filer that has a calendar year fiscal year, the standard is
    effective January 1, 2020, and it must first apply the new credit losses
    standard in its financial statements and regulatory reports (e.g., the Call
    Report) for the quarter ended March 31, 2020.
 2. For a PBE that is not an SEC filer, the credit losses standard is effective
    for fiscal years beginning after December 15, 2020, including interim
    periods within those fiscal years. Thus, for a PBE that is not an SEC filer
    and has a calendar year fiscal year, the standard is effective January 1,
    2021, and the entity must first apply the new credit losses standard in its
    financial statements and regulatory reports (e.g., the Call Report) for the
    quarter ended March 31, 2021.
 3. For an entity that is not a PBE, the credit losses standard is effective for
    fiscal years beginning after December 15, 2020, and for interim period
    financial statements for fiscal years beginning after December 15, 2021.
    Thus, an entity with a calendar year fiscal year that is not a PBE must
    first apply the new credit losses standard in its financial statements and
    regulatory reports (e.g., the Call Report) for March 31, 2022.

You can read more at: federalreserve.gov

How much does it cost to use the TransUnion® CECL reporting portal?

The cost to make use of the TransUnion® will vary based on your needs — Please
click here to request an account and a representative will contact you to
determine your needs and discuss customized subscription packages with you.

How do I sign up?

All you need to do is provide us with some basic information and we will contact
you to discuss your needs and determine the most appropriate plan for your
institution. Click here to get started.


CONTACT US TO GET STARTED TODAY!

Fill out your information and a TransUnion® representative will get back to you
shortly to get your account set up.

GET STARTED TODAY
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