Update 

• 2018 student enrollment is open
   
• Key Dates Mark your calendars and watch for registration email updates.
   
  • July 8 - 18 SCMS Summer Session 
     
    • Referrals appreciated - our goal is to sell out the first year class.
       
  • July 17 
     
    • 11 am - 2 pm
      
      SCMSAA Annual Scholarship Golf Classic
      It’s a new day! It’s a new opportunity! It’s a new game! 
      Plan to Tee-Up at TopGolf
      2201 E. 4th St. / Ft. Worth, TX  76102
       

    •  6:30 - 9 pm
      
      Annual Reception, Dinner & Scholarship Auction hosted by the SCMS Cl of 2019 at TCU

• July 18

  • 8:30 - 11:30 am
    
    SCMSAA Symposium: CECL – Are you Prepared?  Biggest AHAs and Lessons Learned from your Peers

    The Financial and Accounting Standards Board (FASB) has issued the new accounting standard for how you reserve against your loan and investment losses, and it is called CECL, or Current Expected Credit Losses.  This new model will change how your credit union analyzes and accounts for losses and prepares your financial statements.  It is a dramatic move from your current ALLL (Allowance for Loan and Lease Losses) which models your reserve based on historical “incurred” losses, and transitions to a “expected” loss model based on cash flows over the LIFE of the loan.  This transition will bring significantly greater data requirements and changes to internal methodologies to accurately account for expected losses under the new parameters.

    This new regulation and accounting standard goes into place on January 1^st, 2021, however you need to begin preparing now for this momentous change.  More than just an accounting standard; lending, operational, and technology departments will have to be involved in preparing this new methodology.  How will you collect the needed data?  How will you segment your loan pools?  What will be the potential impact to your financial models?  Hear from credit unions of all sizes, as well as other subject matter experts, as they discuss the steps they have taken to prepare for this historic change. 

  • 6-9 pm
    
    SCMS Cl of 2018 Reception, Dinner & Graduation Ceremony

SCMS Outfitters - Dress for Success

• Order SCMS apparel and gear from LandsEnd.

Currently accepting:

• Alumnus of the Year nominations - Accepting nominations for 2018
• Dues payments - annual or life time. (If your name is missing from the Life Time Dues paid list, contact your SCMSAA treasurer and it will be checked into.)
• Pay dues here.