ARLINGTON, Va.–(BUSINESS WIRE)–#CUPreferred–NAFCU Services has selected ARCSys as the Preferred Partner for CECL
software. ARCSys created the SaaS ACL Calculator that enables credit
unions to efficiently determine and address CECL requirements. Three
panels of leading credit union CEOs carefully examined and approved
ARCSys for the NAFCU Services Preferred Partnership.
“With mounting pressures of the CECL standard, credit unions need a
trusted partner to help comply with these regulations,” said NAFCU
Services President, Randy Salser. “We’ve gotten to know the ARCSys team
and their technology very well, and we are thrilled to welcome them as
our newest Preferred Partner.”
The partnership will feature an educational series with experts in
accounting, audit, regulatory, and security standards—helping credit
unions understand, plan for, and implement compliant CECL solutions.
President and CEO of ARCSys, Michael Umscheid, commented, “Access to
education on the latest CECL information is more vital than ever for
financial institutions. Credit unions have been core to our mission
since our founding, and ARCSys is committed to providing the NAFCU
membership with constantly updated facts, guidelines, and tools to stay
ahead of the standards.”
About NAFCU Services Corporation
NAFCU Services is a wholly-owned subsidiary of the National Association
of Federally-Insured Credit Unions (NAFCU). They connect
forward-thinking credit unions to the best business partners. NAFCU
Services’ Preferred Partners have supported credit union success in
technology, security, risk management, and many other areas of business
for more than 40 years. Companies go through a rigorous vetting process
before becoming a Preferred Partner, so credit union leaders know the
solutions are trustworthy. For more information, visit nafcu.org/nafcuservices and
connect on Twitter @NAFCUServices.
About ARCSys
ARCSys™ emerged from the joining of advanced systems for accounting,
reporting, and calculation technologies. ARCSys™ has created a unique
and powerful suite of tools and solutions to help credit unions navigate
the complexities of FASB, Credit Quality, and Allowances for Credit
Losses. The company provides a wide range of accounting preparation and
IT management expertise.
Contacts
NAFCU Services
Paul Timm
Vice President, Marketing
703-842-2210
[email protected]
ARCSys
Kaleigh Wells
Marketing Director
757-962-4854
[email protected]
