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- Topic: NCUA Chairman Todd Harper's vision for the future of credit unions
- Occasion: 90th anniversary of the Federal Credit Union Act
- Key principles for credit union success over next 90 years:
1. Transparency
- Public disclosure of executive compensation (proposed rule)
- Reporting of overdraft/NSF fees for large credit unions
- Advocating for third-party vendor authority
2. Fairness
- Focus on serving underserved populations
- Advancing diversity, equity, inclusion, and accessibility
- New rule on quality control for automated valuation models
3. Vigilance
- Active management of risks, especially cybersecurity
- Proposed rule on incentive-based compensation for large credit unions
4. Foresight
- Addressing credit union consolidation trend
- Proposed rule requiring succession planning
- Emphasis on long-term stewardship and positive impact
- Call for continued innovation and focus on member needs
The podcast notes avoid reproducing any copyrighted song lyrics or extensive quotes from the article.
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 achieves 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.
www.marktreichel.com
https://www.linkedin.com/in/mark-treichel/
- Topic: NCUA Chairman Todd Harper's vision for the future of credit unions
- Occasion: 90th anniversary of the Federal Credit Union Act
- Key principles for credit union success over next 90 years:
1. Transparency
- Public disclosure of executive compensation (proposed rule)
- Reporting of overdraft/NSF fees for large credit unions
- Advocating for third-party vendor authority
2. Fairness
- Focus on serving underserved populations
- Advancing diversity, equity, inclusion, and accessibility
- New rule on quality control for automated valuation models
3. Vigilance
- Active management of risks, especially cybersecurity
- Proposed rule on incentive-based compensation for large credit unions
4. Foresight
- Addressing credit union consolidation trend
- Proposed rule requiring succession planning
- Emphasis on long-term stewardship and positive impact
- Call for continued innovation and focus on member needs
The podcast notes avoid reproducing any copyrighted song lyrics or extensive quotes from the article.
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 achieves 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.
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