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เนื้อหาจัดทำโดย Mark Treichel and Mark Treichel's Credit Union Exam Solutions เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดหาให้โดยตรงจาก Mark Treichel and Mark Treichel's Credit Union Exam Solutions หรือพันธมิตรแพลตฟอร์มพอดแคสต์ของพวกเขา หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่แสดงไว้ที่นี่ https://th.player.fm/legal
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Document of Resolution & Examiner Findings: What You Need to Know

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Manage episode 422831324 series 3303439
เนื้อหาจัดทำโดย Mark Treichel and Mark Treichel's Credit Union Exam Solutions เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดหาให้โดยตรงจาก Mark Treichel and Mark Treichel's Credit Union Exam Solutions หรือพันธมิตรแพลตฟอร์มพอดแคสต์ของพวกเขา หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่แสดงไว้ที่นี่ https://th.player.fm/legal

Set up a call:

https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10

Check out our website:

https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10

Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

Hire us and gain:

• Peace of mind during your exam process

• Insider knowledge of NCUA procedures and expectations

• Strategies to address potential issues before they become problems

• Continuous access to our extensive subject matter expertise

With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union passers its exam with flying colors in its next examination.

Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.


odcast Show Notes

---

**Episode Title:** Understanding Examiner Findings, Supplementary Facts, and Documents of Resolution

**Host:** Mark Treichel

**Guests:** Steve Farrar and Todd Miller

---

**Introduction:**

Welcome to another episode of "With Flying Colors." I'm your host, Mark Treichel. Today, we're diving into the intricacies of NCUA examinations, focusing on how to handle examiner findings, supplementary facts, and documents of resolution (DOR). I'm joined by two esteemed guests, Steve Farrar and Todd Miller, who bring over six decades of combined experience with NCUA.

---

**Episode Highlights:**

**1. CAMEL Codes Deterioration:**
- Recent NCUA board briefing highlighted a decline in CAMEL codes.
- Implications include tougher examinations and more complex reports.

**2. Guest Introductions:**
- **Steve Farr:** 30+ years at NCUA, former problem case officer, and writer of the enforcement manual.
- **Todd Miller:** Nearly 35 years at NCUA, with extensive experience as a capital market specialist and director of special actions.

**3. Examiner Findings:**
- **Definition:** Problems identified by examiners that need addressing but don't threaten the credit union's viability.
- **Implications:** Multiple minor issues could signal broader internal control problems.
- **Regulatory Citations:** Findings should be tied to regulations or supervisory guidance.

**4. Supplementary Facts:**
- **Purpose:** Used to provide additional context and alternatives for addressing problems.
- **Specialist Input:** Often includes insights from various NCUA specialists.
- **Advice:** Utilize the supplementary facts to gain a broader understanding of potential issues.

**5. Documents of Resolution (DOR):**
- **Significance:** Represents more serious issues that, if left unaddressed, could harm the credit union.
- **SMART Principle:** Actions required should be Specific, Measurable, Achievable, Result-oriented, and Timely.
- **Challenges:** Achievability and timeliness can be problematic, especially with delayed final reports.

**6. Real-World Application:**
- Examples of how credit unions have managed large volumes of DORs.
- The importance of addressing issues proactively to avoid escalation.

**Conclusion:**

Thank you for tuning into this episode of "With Flying Colors." If you're looking to optimize your results with NCUA and save time and money, visit us at marktreichel.com. Stay informed, stay prepared, and you'll pass your exams with flying colors.

---

**Call to Action:**

- **Subscribe:** Don't miss an episode—subscribe to "With Flying Colors" on your favorite podcast platform.
- **Visit Us:** For more insights and direct support, visit marktreichel.com.
- **Feedback:** Have questions or topics you'd like us to cover? Reach out to us via our website.

---

**Sponsor:**
This episode is sponsored by Credit Union Exam Solutions by Mark Treichel. Optimize your NCUA results with our expert support.

---

**Additional Resources:**

- [NCUA National Supervision Policy Manual](https://www.ncua.gov/regulation-supervision/manuals-guides)
- [ECFR - Electronic Code of Federal Regulations](https://www.ecfr.gov/)

---

**Contact Information:**

- **Host:** Mark Treichel
- **Website:** [marktreichel.com](http://marktreichel.com)
- **Email:** info@marktreichel.com

---

Be sure to tune in next week for more expert advice on navigating NCUA examinations and optimizing your credit union’s performance.

  continue reading

232 ตอน

Artwork
iconแบ่งปัน
 
Manage episode 422831324 series 3303439
เนื้อหาจัดทำโดย Mark Treichel and Mark Treichel's Credit Union Exam Solutions เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดหาให้โดยตรงจาก Mark Treichel and Mark Treichel's Credit Union Exam Solutions หรือพันธมิตรแพลตฟอร์มพอดแคสต์ของพวกเขา หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่แสดงไว้ที่นี่ https://th.player.fm/legal

Set up a call:

https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10

Check out our website:

https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10

Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

Hire us and gain:

• Peace of mind during your exam process

• Insider knowledge of NCUA procedures and expectations

• Strategies to address potential issues before they become problems

• Continuous access to our extensive subject matter expertise

With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union passers its exam with flying colors in its next examination.

Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.


odcast Show Notes

---

**Episode Title:** Understanding Examiner Findings, Supplementary Facts, and Documents of Resolution

**Host:** Mark Treichel

**Guests:** Steve Farrar and Todd Miller

---

**Introduction:**

Welcome to another episode of "With Flying Colors." I'm your host, Mark Treichel. Today, we're diving into the intricacies of NCUA examinations, focusing on how to handle examiner findings, supplementary facts, and documents of resolution (DOR). I'm joined by two esteemed guests, Steve Farrar and Todd Miller, who bring over six decades of combined experience with NCUA.

---

**Episode Highlights:**

**1. CAMEL Codes Deterioration:**
- Recent NCUA board briefing highlighted a decline in CAMEL codes.
- Implications include tougher examinations and more complex reports.

**2. Guest Introductions:**
- **Steve Farr:** 30+ years at NCUA, former problem case officer, and writer of the enforcement manual.
- **Todd Miller:** Nearly 35 years at NCUA, with extensive experience as a capital market specialist and director of special actions.

**3. Examiner Findings:**
- **Definition:** Problems identified by examiners that need addressing but don't threaten the credit union's viability.
- **Implications:** Multiple minor issues could signal broader internal control problems.
- **Regulatory Citations:** Findings should be tied to regulations or supervisory guidance.

**4. Supplementary Facts:**
- **Purpose:** Used to provide additional context and alternatives for addressing problems.
- **Specialist Input:** Often includes insights from various NCUA specialists.
- **Advice:** Utilize the supplementary facts to gain a broader understanding of potential issues.

**5. Documents of Resolution (DOR):**
- **Significance:** Represents more serious issues that, if left unaddressed, could harm the credit union.
- **SMART Principle:** Actions required should be Specific, Measurable, Achievable, Result-oriented, and Timely.
- **Challenges:** Achievability and timeliness can be problematic, especially with delayed final reports.

**6. Real-World Application:**
- Examples of how credit unions have managed large volumes of DORs.
- The importance of addressing issues proactively to avoid escalation.

**Conclusion:**

Thank you for tuning into this episode of "With Flying Colors." If you're looking to optimize your results with NCUA and save time and money, visit us at marktreichel.com. Stay informed, stay prepared, and you'll pass your exams with flying colors.

---

**Call to Action:**

- **Subscribe:** Don't miss an episode—subscribe to "With Flying Colors" on your favorite podcast platform.
- **Visit Us:** For more insights and direct support, visit marktreichel.com.
- **Feedback:** Have questions or topics you'd like us to cover? Reach out to us via our website.

---

**Sponsor:**
This episode is sponsored by Credit Union Exam Solutions by Mark Treichel. Optimize your NCUA results with our expert support.

---

**Additional Resources:**

- [NCUA National Supervision Policy Manual](https://www.ncua.gov/regulation-supervision/manuals-guides)
- [ECFR - Electronic Code of Federal Regulations](https://www.ecfr.gov/)

---

**Contact Information:**

- **Host:** Mark Treichel
- **Website:** [marktreichel.com](http://marktreichel.com)
- **Email:** info@marktreichel.com

---

Be sure to tune in next week for more expert advice on navigating NCUA examinations and optimizing your credit union’s performance.

  continue reading

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www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Show Notes: With Flying Colors - Interview with Mike Macchiarola of Olden Lane Guest: Mike Macchiarola, Olden Lane (broker-dealer and investment advisor serving credit unions) Key Topics Discussed: - Interest Rate Environment: Impact of "higher for longer" rates on credit unions, with industry cost of funds rising to 218 basis points - Regulatory Changes: Shift in regulatory focus under new NCUA leadership and potential Trump administration impacts - Consolidation Trends: Record year for credit union-bank transactions (22 in 2023) and increasing branch deal activity - Technology & AI: Growing importance of digital platforms while maintaining personal touch ("clicks and mortars") - Profitability Challenges: Industry ROA at 64 basis points with significant variance across institutions - Leadership Demographics: Addressing aging C-suite and board populations while attracting younger talent - Consumer Financial Health: Rising credit card delinquencies (11%) and increasing household debt levels - Fee Income: Evolving regulatory landscape around NSF and overdraft fees Contact Information: - Website: www.oldenlane.com - LinkedIn: Mike Macchiarola - Email: Available through contact form on Olden Lane website Notable Quote: "If it don't make sense, it don't make dollars." - Mike Macchiarola on credit union profitability…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Press Releases Secretary Bessent Announces Intention to Appoint First Deputy Comptroller of the Office of the Comptroller of the Currency February 7, 2025 WASHINGTON – Secretary of the Treasury Scott Bessent today announced his intention to appoint Rodney E. Hood as a Deputy Comptroller and to designate him the First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC). In this role, Mr. Hood will also serve as Acting Comptroller of the Currency. “The strong leadership and career experience of Rodney Hood will strengthen the OCC’s efforts to ensure the safety and soundness of the banking system while also enhancing economic growth," said Secretary Bessent. “I remain steadfastly committed to serving the American people and the banking system by creating a regulatory structure that fulfills our obligations, fosters innovation, and promotes financial inclusion, including those Americans who have been debanked and underserved,” said Mr. Hood. The OCC is a bureau within the Department of the Treasury, and the Comptroller of the Currency is appointed by the President with the advice and consent of the Senate. By statute (12 U.S.C. § 4), the Treasury Secretary is responsible for appointing up to four Deputy Comptrollers of the Currency and designating one as the First Deputy Comptroller. During a vacancy in the position of Comptroller, the First Deputy Comptroller possesses the powers and performs the duties of the office of Comptroller. Mr. Hood was previously confirmed by the U.S. Senate in 2005 and again in 2019 to serve on the National Credit Union Administration Board. In 2019, President Donald J. Trump designated him as Chairman of the NCUA Board. Before entering public service, Mr. Hood held senior roles in retail finance, commercial banking, affordable housing, and community development at JPMorgan Chase, GE Capital, Bank of America, Wells Fargo, and North Carolina Mutual Life Insurance Company. A North Carolina native, Mr. Hood holds a bachelor’s degree from the University of North Carolina at Chapel Hill.…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Key Topics to Include: Economic data and analysis Financial statement review Key performance/risk indicators Liquidity reporting Interest rate risk analysis Investment portfolio oversight Scenario testing and stress analysis Model validation and risk assessment Credit risk integration Documentation and minutes…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Let me draft show notes that capture the key points from this podcast episode while maintaining a natural flow without bullets or numbering. Episode Title: What is the Meaning of "Agreed Upon Corrective Action"? Summary: In this special Archive episode of With Flying Colors, Mark explores the meaning and implications of "agreed upon corrective action" in credit union examinations. Drawing from his experience at NCUA, Mark explains how this term appears on examination reports and why its proper implementation is crucial for credit unions. Key Points Covered: Mark begins by breaking down the literal meaning of "agreed upon" using dictionary definitions, emphasizing that it means coming to a mutual arrangement or understanding. He shares a recent case where a small credit union reached out about their examination frustrations, highlighting how the agreed-upon process can sometimes break down. The Process: The examination report process typically includes a draft phase where credit unions can review and discuss findings with examiners. However, due to year-end pressures and internal goals, sometimes reports are finalized without proper consultation. Mark explains that the examination report's cover page explicitly states it should document "agreed upon corrective actions," making it important for credit unions to ensure they actually have input in this process. Recommendations for Credit Unions: Mark advises credit unions to push back when they don't receive proper opportunity for input. He suggests starting with the examiner, then moving up to the supervisory examiner if necessary. While NCUA has final authority on safety and soundness issues, credit unions should still receive the opportunity to influence report language to better serve their needs and their members' interests. Important Context: The podcast notes that NCUA implemented a higher level of review for examination reports, requiring supervisory review. While this creates more consistency, it can sometimes make immediate dialogue more challenging, especially when reports are delivered as final without prior discussion. Closing Thoughts: Mark emphasizes that credit unions must decide when to "go along to get along" versus when to advocate for changes. The goal should be finding language that satisfies both NCUA's safety and soundness requirements and the credit union's operational needs. Contact Information: Listeners can learn more about Mark's services at markteichel.com. The podcast releases new episodes once or twice weekly, providing expert insights on achieving success with NCUA.…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Kyle S. Hauptman Designated as NCUA Board Chairman ALEXANDRIA, Va. (Jan. 22, 2025) – President Donald J. Trump has National Credit Union Administration Vice Chairman Kyle S. Hauptman as the thirteenth Chairman of the NCUA Board. “I am deeply honored that President Trump has asked me to serve as Chairman of NCUA,” Chairman Hauptman said. “I look forward to leading the agency’s dedicated professionals and working with my Board colleagues to create a regulatory structure that promotes growth, opportunity, and innovation within the credit union system. “My priorities as Chairman include: Re-examining the current NCUA budgeting process. Convening groups of NCUA employees to identify achievable internal efficiencies to reduce unnecessary frictions in the agency’s operations. Promoting the appropriate use of artificial intelligence (AI) as a tool for NCUA employees. One goal is enhancing productivity, but it’s also true that regulators who use technologies are more apt to understand why the regulated use them. Focusing on true financial inclusion, which means removing barriers to de novo credit unions and removing the ‘pain points’ that have led to fewer and fewer small credit unions. NCUA should be mindful that the only people who think compliance is easy are those that don’t have to do it. Codifying our procedures to protect Americans from regulation-by-enforcement. For example, no enforcement action should ever set - even clarify - policy. In America and other free societies, the sequence is: set speed limits, then give speeding tickets (no one has any obligation to be aware of someone else’s ticket). Making clear that credit unions and their members are best positioned to assess their communities’ climate risks. Re-assessing NCUA policies that may, even inadvertently, dissuade credit unions from serving low-income areas. This includes language around overdraft policies, particularly for credit unions located in states with especially punitive government late fees/penalties. Right-sizing credit unions’ obligations where possible under the Bank Secrecy Act, including NCUA’s regulations surrounding Suspicious Activity Reports.”…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Episode Summary : In this episode of With Flying Colors , host Mark Treichel sits down with Steve Farr, a former NCUA examiner and capital expert, to discuss the complexities of credit union capital management. With decades of experience, Steve shares insights into the evolution of capital regulations, the purpose of regulatory capital, and the challenges credit unions face in maintaining the right balance between risk and growth. Key Takeaways : Steve Farr’s Background : Steve shares his extensive career journey, from starting as an NCUA examiner in 1987 to becoming a key player in regulatory capital rulemaking. Purpose of Regulatory Capital : Understand why capital is essential for credit unions, from absorbing losses to maintaining public confidence. Net Worth Ratios and PCA : Dive into the history and significance of net worth ratios in ensuring credit union stability. New Complex Credit Union Leverage Ratio (CCULR) : Learn about the simplified capital adequacy measure introduced in 2023 and its implications for credit unions. Risk-Based Capital : Explore how this tool provides credit unions with a tailored perspective on their capital adequacy. Capital Management Strategies : Discover best practices for developing a capital plan that aligns with your credit union’s unique risks and opportunities. Listener Questions : Have questions about credit union capital or topics from today’s episode? Send them to Mark via email at cu.exam.solutions@marktreichel.com or through his website at www.marktreichel.com . Your question might be featured in a future episode! Contact Information : For consulting inquiries or to learn more about how Mark and Steve can assist your credit union, reach out using the above contact details. Closing Thoughts : This episode highlights the importance of a strategic approach to capital management. Whether you’re grappling with regulatory requirements or looking to optimize your capital structure, this conversation offers valuable guidance for credit union leaders…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ ## Episode Summary: NSF and Overdraft Fees - What You Need to Know In this episode, Mark Treichel interviews Joe Goldberg, former director of the NCUA's division of consumer compliance policy and outreach, about the December 2024 NCUA letter addressing consumer harm from certain overdraft and NSF fee practices. ### Key Topics Covered: Joe Goldberg discusses NCUA's recent guidance on problematic overdraft fee practices, including: 1. Authorized Positive Settled Negative (APSN) fees - When a debit transaction is approved with sufficient funds but settles negative due to intervening transactions 2. Multiple re-presentment fees - When members are charged multiple NSF fees for the same check/ACH item being represented 3. Return Deposited Item (RDI) fees - When members are charged for depositing third-party checks that are returned The episode also covers: - NCUA's historical approach to overdraft oversight since 2005 - Risk management principles credit unions should consider - The agency's current supervisory approach and expectations - New research findings on overdraft/NSF fee revenue at credit unions ### Key Takeaways: - Credit unions should review their overdraft programs for compliance with current guidance - Self-identification and correction of issues is viewed favorably by NCUA - Overdraft/NSF fees typically comprise 2-5% of credit union revenue - The agency will continue monitoring these fees through call report data - Credit unions should ensure fee practices are fair and clearly disclosed to members ### Featured Guest: Joe Goldberg - Former Director, Division of Consumer Compliance Policy and Outreach at NCUA (2014-2021) ### Host: Mark Treichel - With Flying Colors Podcast…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Episode Description: In this special archive episode of With Flying Colors , Mark shares valuable insights from his years of experience in credit union examination and consulting. Broadcasting straight from the beach, he breaks down the top 10 ways credit unions can avoid receiving a Document of Resolution (DOR) from the NCUA. Whether you're preparing for an exam or just looking to fine-tune your operations, these practical tips will help ensure compliance and maintain a smooth examination process. What You'll Learn in This Episode: Understanding Document Resolutions (DOR): What they are, why they occur, and how to avoid them. Key Triggers for DORs: Common issues such as violations of regulations, policies, or strategic plans. Proven Strategies: How to communicate, negotiate, and train effectively to avoid potential pitfalls. Best Practices: Mark’s insights on proactive planning, staying informed, and maintaining good examiner relationships. Top 10 Tips Highlighted in This Episode: Comply with the Federal Credit Union Act and NCUA regulations. Follow your organization's policies diligently. Stick to your approved strategic plan or adjust it responsibly. Communicate effectively with NCUA examiners. Negotiate issues identified during the examination process. Invest in training for staff, boards, and committees. Stay updated with regulatory changes by subscribing to NCUA Express. Listen to informative podcasts like With Flying Colors and Credit Union Regulatory Guidance . Avoid accounting problems by ensuring reconciliations and timely audits. Make senior leadership accessible to examiners during the examination process. Resources Mentioned: NCUA Express Credit Union Regulatory Guidance podcast Mark’s consulting services for NCUA examination support Call to Action: If you enjoyed this episode, don’t forget to subscribe to With Flying Colors for more actionable tips and insights into navigating NCUA exams and credit union compliance. Ratings and reviews on Apple Podcasts and Spotify are always appreciated!…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ The NCUA Appeal Process: A Complete Guide # NCUA Appeal Process with Mark Treichel ## Overview This episode covers the formal appeal process at NCUA, detailing how credit unions can appeal examination findings and supervisory determinations. ## Key Points About Initial Response to Examination Findings - Start with the examiner level - resolving issues at the lowest level is most time and cost-efficient - Common reasons for appeals include: - Factual errors not corrected - CAMEL code downgrades - Requirements that could negatively impact member service - Requirements affecting capital building or earnings - Requirements impacting liquidity control ## What Can Be Appealed Material supervisory determinations that may significantly affect: - Capital - Earnings - Operating flexibility - Nature/level of supervisory oversight Specifically includes: - Composite examination ratings of 3, 4, or 5 - Loan loss reserve adequacy determinations - Classification of significant loans/assets - Federal consumer financial law compliance determinations - Certain waiver requests/additional authority applications ## Appeal Process Timeline 1. Initial Appeal to Regional Director - Must file within 30 days of examination - Regional Director has 30 days to respond 2. Secondary Appeal Options (if Regional Director denies) - 30 days to appeal to either: - Office of Examination & Insurance, OR - Supervisory Review Committee (recommended path) - These bodies have 60 days to respond - Can request oral hearing with Supervisory Review Committee 3. Final Appeal to NCUA Board - 30 days to file after previous denial - Board has 90 days to decide - May request oral hearing (not guaranteed) Total timeline can extend 8-12 months, especially if oral hearings are involved. ## Important Considerations - Must follow each step sequentially - cannot skip levels - Component CAMEL ratings cannot be directly appealed, but arguments about components support composite rating appeals - Document resolutions are negotiable - Appeals create an administrative record - Partial victories possible at each level - Success likelihood typically increases at higher levels - "Tie goes to the runner" - burden of proof is on the credit union ## Resources Related regulations: - Part 746, Subpart A of NCUA regulations - Preamble to final rule provides important context ## Contact Information For more information or consultation about appeals: - Connect with Mark Treichel on LinkedIn - Contact Credit Union Exam Solutions *Note: This episode expands on an earlier podcast about the regional appeal process featuring Todd Miller.*…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Everthing You Need to Know on ALCO CHARTERS AND GOVERNANCE Key Topics to Include: Committee charters vs. policies Committee composition and member selection Board involvement considerations Role of Chief Risk Officer and other key positions Authority and delegation framework Documentation requirements Strategic alignment with board objectives…
 
Set up a call: https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10 Check out our website: https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10 Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone! We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out. Hire us and gain: • Peace of mind during your exam process • Insider knowledge of NCUA procedures and expectations • Strategies to address potential issues before they become problems • Continuous access to our extensive subject matter expertise With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union passers its exam with flying colors in its next examination. Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed. LUAs What You Need to Know Key Points: - LUAs are formal agreements between NCUA and credit unions to address severe problems - Usually issued to troubled credit unions, though occasionally for compliance reasons - Formal LUAs are typically published by NCUA - LUAs describe major issues and required corrective actions with timelines - Language in published LUAs can be very strict and one-sided - Credit unions should seek outside advice when faced with a published LUA - All board members are bound by an LUA, even those who vote against it - LUAs should focus on root causes, not every minor issue - LUAs for established credit unions generally don't have termination dates - In the current economic climate, NCUA may be issuing more LUAs Advice for Credit Unions: - Understand all requirements and timelines in an LUA before signing - Negotiate terms with NCUA if possible before finalizing - Request reasonable time to review draft LUA with board - Consider consulting attorneys or credit union advisors - Be aware of reputational risks from published LUAs - Recognize that all board members are bound by a signed LUA Guest Experts: - Steve Farrar: Former NCUA examiner and central office staff - Todd Miller: Former NCUA examiner and director of special actions Host: Mark Treichel, Credit Union Exam Solutions This episode provides an in-depth look at Letters of Understanding and Agreement (LUAs) from former NCUA insiders, offering valuable insights for credit union leaders dealing with these formal actions.…
 
Set up a call: https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10 Check out our website: https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10 Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone! We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out. Hire us and gain: • Peace of mind during your exam process • Insider knowledge of NCUA procedures and expectations • Strategies to address potential issues before they become problems • Continuous access to our extensive subject matter expertise With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union passers its exam with flying colors in its next examination. Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed. Crisis Communication in Credit Unions ## Episode Summary In this episode, host Mark Treichel sits down with John McKechnie, a veteran in credit union affairs, to discuss crisis communication strategies for credit unions. Drawing from their extensive experience at the National Credit Union Administration (NCUA), they share valuable insights on handling various crises, from financial meltdowns to cyber attacks. ## Key Topics Covered: - The importance of quick and transparent communication during crises - Developing and implementing crisis communication plans - Prioritizing stakeholders in crisis situations - Learning from past experiences and conducting post-crisis reviews - Balancing member needs with institutional stability during crises - Adapting communication strategies for different types of crises (e.g., financial, technological) ## Notable Quotes: "It's got to go out. It's got to go out quick. It's got to be accurate... if you don't communicate, the vacuum gets created and the water cooler talk starts." "Omar Bradley, during the 2nd World War, used to say that when the fighting starts, plans are useless, but planning is essential." ## Takeaways: - Having a crisis communication plan is crucial for credit unions - Transparency and speed are key in crisis communication - Regular tabletop exercises can help prepare for potential crises - Post-crisis reviews are essential for continuous improvement ## Guest Information: John McKechnie - Credit Union Consultant Email: john@johnmckechniellc.com Phone: 202-997-5816…
 
www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Reach out to learn how we assist our clients with NCUA so they save time and money: https://www.linkedin.com/in/mark-treichel/ https://www.marktreichel.com/
 
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