Catalyst Strategic Solutions, a wholly owned subsidiary of Catalyst Corporate Federal Credit Union, is helping credit unions plan and implement their CECL compliance strategies through its credit union-based CECLution platform.

The CECLution platform features:

  • An economic-based model that uses Weighted Average Remaining Maturity (WARM) methodology
  • Aggregation and storage of historical data, eliminating the costly need to extract and forward data
  • Automatic upload of new data to CECLution platform each time a new quarterly call report is filed
  • Clarity of forecasted loan losses relative to historical loan losses
  • A cost-effective model, specifically built for credit unions’ unique compliance needs
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