Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

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NCUA's Board Statements on Minority Depository Institutions & Final Policy Statement

This transcript explores statements made by the NCUA's Board on Minority Depository Institutions (MDIs), outlining recent changes within the institution. It discusses the final interpretive ruling and policy statement transfer of the MDI preservation program administration to its Office of Credit Union Resources. This action aims to better enable numerous MDI credit unions, through updated program features and clarified requirements, to meet their communities' needs. It then explores statements from Board members regarding the importance of preserving MDIs, the challenges they face, and the potential strength they can bring to underserved communities. The board approves this final policy statement as a vital step towards enabling MDI to play their role in closing the wealth gap and bringing equity in lending.

00:00 Introduction and Sponsorship
00:55 Board Action Bulletin on M D Is
01:56 Chairman Todd Harper's Statement
05:06 Vice Chairman Kyle Hauptman's Statement
08:44 Board Member Tanya Otsukas Statement
14:39 Conclusion and Contact Information

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

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• 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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Understanding the FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending

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In this episode, Samantha Shares gives an educational overview of The Federal Financial Institutions Examination Council's (FFIEC) Statement on Examination Principles related to valuation discrimination and bias in residential lending. The podcast discusses the various risks, laws, regulations, guidelines, and examination principles related to residential property appraisal and evaluation practices. Samantha also mentions the role of her sponsor, Credit Union Exam Solutions Incorporated, in assisting clients with NCUA examinations. The goal of the podcast is to clarify and inform listeners about the FFIEC's mission of promoting consistency in supervisory matters, highlighting the importance of credibility in real estate valuations and the detrimental impact of valuation discrimination or bias.

00:00 Introduction and Sponsorship
00:51 FFIEC Statement Overview
02:51 Risks From Valuation Discrimination and Bias
03:55 Applicable Statutes, Regulations, and Guidance
08:45 Examination Principles
09:40 Conclusion and Implementation of the Principles
10:54 Consumer Compliance Examination Principles
13:52 Safety and Soundness Examination Principles
16:26 Conclusion and Contact Information

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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Anticipating the NCUA's Rule on Succession Planning

This podcast by Samantha Shares explores the National Credit Union Administration's (NCUA) proposed rule on Succession Planning. Considering the probability of the rule's approval by 2024 due to the current Democratic leadership, the episode dives into the proposal's contents, implications, and expected impact on both small and large credit unions. The rule makes it mandatory for Federal Credit Union boards to establish and adhere to succession planning for key positions. The anticipated benefits, potential drawbacks, and necessary compliance methods are also discussed. The episode concludes by emphasizing that this rule, while initially applicable to federal credit unions, aims to encourage and strengthen succession planning across all credit unions.

00:00 Introduction and Sponsorship
00:55 Overview of the Proposed Regulation on Succession Planning
02:11 Importance of Succession Planning
04:11 Increased Relevance of Succession Planning
07:36 Legal Authority for the Proposed Rule
09:15 Details of the Proposed Rule
12:48 Current Succession Planning Efforts
13:54 Minimizing Burden of the Proposed Rule
16:47 Questions for Comment
19:31 Regulatory Procedures
22:29 Proposed Changes to Part 701
24:07 Conclusion and Contact Information

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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NCUA Chairman's Remark at Brookings Institute: Regulatory Changes & Credit Union Developments

This podcast features Samantha Shares discussing NCUA Chairman Todd Harper's remarks at the Brookings Institute. The main topics involve the National Credit Union Administration’s plans to gather more data on overdrafts and possibly shift towards a CAMEL-like rating for consumer compliance or a separate consumer compliance exam. Samantha goes on to share educational insights from her sponsor, Credit Union Exam Solutions Incorporated. Listeners also learn about the NCUA chairman's responses during the Q&A session, including imminent reporting requirements for large credit unions with over one billion in assets. The podcast is also enriched by Chairman Harper’s prepared remarks about the NCUA's regulatory landscape, the importance of consumer protection, and the future challenges of the credit union system.

00:00 Introduction and Overview
00:02 Insights from NCUA Chairman's Remarks
00:50 Sponsorship and Services
01:19 Discussion on Overdraft Data Reporting
02:36 Implications for Consumer Compliance
03:56 Chairman Harper’s Prepared Remarks at the Brookings Institute
07:48 Credit Union Performance Data and Warning Signs
12:16 Vendor Authority and Risks
19:05 Central Liquidity Facility and its Importance
22:18 Consumer Financial Protection
24:30 Closing Remarks and Future Directions
27:13 Conclusion and Contact Information

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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OCC's Semi-annual Risk Perspective: Understanding Key Risks in the Financial Sector

This episode provides an audio version of the OCC's Semi-annual risk perspective, focusing on the report's section named 'Trends in Key Risks.' The report highlights various risk factors that are currently impacting the financial sector, including credit risk, market risk, operational risks, compliance risk, and climate-related financial risks. The report outlines the significant impact of these factors on businesses, economies, and impacts on commercial credits and retail credit performance. It discusses the emerging risks in dealing with technological innovation, third-party partnerships, and cyberattacks. The episode also warns about threats from changes in deposit movement and rates as well as issues related to increasing compliance, reputational, strategic, and operational risks as banks adapt to changing customer needs. Sponsored by Credit Union Exam Solutions Incorporated, the episode concludes by advising credit unions to reach out to them for assistance with NCUA exams.

00:00 Introduction and Sponsorship
00:45 Overview of the OCC's Semi-annual Risk Perspective
01:00 Commercial Credit Themes
07:05 Retail Credit Themes
11:15 Market Risk
15:58 Operational Risks: Cybersecurity
18:28 Innovation and Adoption of New Products and Services
22:18 Third-Party Risk Management and Other Operational Risks
23:46 Compliance Risk: Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control
26:05 Consumer Compliance and Community Reinvestment Act/Fair Lending Risks
27:37 Climate-Related Financial Risk
30:09 Conclusion and Contact Information

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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Understanding Enterprise Risk Management (E R M) and NCUA's Supervisory Expectations

In this podcast episode, Samantha Shares discusses NCUA's supervisory letter to credit unions on Enterprise Risk Management (E R M). The episode interprets this 2013 guidance that remains active and often referred to in examinations and examiner discussions with credit unions, particularly larger ones. Samantha breaks down the principles of ERM, its basic components, and clarifies that natural person credit unions are not mandated to have a formal E R M, but are expected to maintain adequate risk management processes relative to their business model and strategical practices. She furthers delves into the role of examiners in evaluating credit unions' risk management programs, and highlights that while E R M can be beneficial for larger, complex credit unions, it isn't a regulatory requirement for natural person unions.

00:00 Introduction and Sponsorship
01:00 Understanding Enterprise Risk Management (E R M)
04:00 Components of an E R M Framework
09:20 N C U A's Perspective on E R M
10:59 Addressing Risk Management in Examinations
13:16 Conclusion and Contact Information

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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Understanding NCUA's Letter On the Evaluation of Earnings for Credit Unions

Samantha Shares explains the details and implications of NCUA's letter to credit unions on the Evaluation of Earnings in this episode. Despite the age of this letter, it is still utilized as a resource in NCUA examinations. Samantha delves into the critical role of earnings in credit unions, how they must balance safety and services, and the necessity of retaining earnings for maintaining net worth. She asserts how each credit union's earnings level should be evaluated based on their unique needs and economic trends and how Examiners evaluate earnings on case-specific basis with focus on quality, fit, direction and safety of the earnings structure. She concludes by emphasizing the importance of an open dialogue between credit union management and examiners, while proactively developing sound strategic plans.

00:00 Introduction and Sponsorship
00:55 Understanding Earnings in Credit Unions
03:30 Earnings Assessment Framework
07:19 Examiner Assessment of Earnings
09:25 Earnings Red Flags
11:40 Conclusion and Final Thoughts

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/

NCUA Examination Priorities for 2024 and Guidance for Credit Unions

In this podcast, Samantha Shares discusses the National Credit Union Administration's (NCUA) examination priorities for 2024 as part of a letter to credit unions. The letter outlines multiple areas of focus, including credit risk, liquidity risk, consumer financial protection, information security, interest rate risk, and bank secrecy act compliance among others. The discussion addresses the evolving economic circumstances including rising interest rates, growing financial strain, and potential threats to the Share Insurance Fund. Additionally, the podcast highlights perspectives on supporting small credit unions and minority depository institutions, as well as tips for credit union examination success and managing risk effectively.

00:00 Introduction and Sponsorship
00:48 NCUA's Examination Priorities for 2024
02:43 Supervisory Priorities for 2024
02:46 Credit Risk
04:56 Liquidity Risk
07:28 Consumer Financial Protection
08:58 Information Security (Cybersecurity)
11:26 Interest Rate Risk (IRR)
12:41 Other Updates and Bank Secrecy Act (BSA) Compliance
13:48 Support for Small Credit Unions and Minority Depository Institutions
15:13 Conclusion and Contact Information

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/

Liquidity Risk Management Advisory: An Overview

In this episode, Samantha Shares discusses the National Credit Union Administration's (NCUA) Advisory on Liquidity Risk Management published on January 17, 2024. Emphasizing on key areas of focus for credit unions to manage liquidity effectively, the episode explores various strategies including managing and forecasting cash flows, controlling asset composition, structuring liabilities to match asset growth, and maintaining diversified liquidity sources among others. The episode emphasizes on the recommendation for credit unions having access to a federal liquidity source. It also highlights the availability of useful resources on the NCUA's website, and mentions the webinars set to be hosted by the agency in 2024 to provide more information about liquidity risk management.

00:00 Introduction and Sponsorship
00:45 Advisory on Liquidity Risk Management
01:20 Key Areas of Focus for Effective Liquidity Management
02:05 Controlling Asset Composition
02:27 Structuring Liabilities
02:53 Developing Governance and Monitoring Structures
03:20 Maintaining Diversified Liquidity Sources
04:13 Agency's Future Plans and Resources
04:52 Conclusion and Contact Information

Resources:

• §741.12 Liquidity and contingency funding plans
• Central Liquidity Facility (CLF)
• The Federal Reserve Discount Window
• Agencies Update Guidance on Liquidity Risks and Contingency Planning, July 2023
• The NCUA’s Liquidity Risk Resource

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

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Evaluating Third-party Relationships for Credit Unions: A Podcast with Samantha Shares

In this episode, Samantha Shares discusses the NCUA's letter to credit unions on evaluating and managing third-party relationships. These relationships have been increasing in recent years, offering potential benefits but also amplifying risks. The key areas of risk assessment, due diligence, and risk measurement, monitoring and control are explored. Samantha also highlights the key aspects of third-party relationships such as planning, initial risk assessment, due diligence, financial projections, operational controls, contract issues, legal review, and accounting considerations. The podcast is aimed at assisting credit unions navigating third-party relationships, ensuring they meet their strategic goals while safeguarding member assets and ensuring sound operations.

00:05 Introduction and Sponsorship
01:00 Understanding Third-party Relationships
04:18 Risk Assessment and Planning
05:13 Risk Assessment and Planning Considerations
09:32 Due Diligence for Third-party Relationships
19:59 Risk Measurement, Monitoring and Control of Third-party Relationships
24:31 Summary and Conclusion
25:18 Appendix A: Areas for Consideration
28:05 Appendix B: List of Resources
28:15 Final Remarks and Contact Information

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.