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.

## Episode Summary
Mark Treichel discusses Credit Union Service Organizations (CUSOs) and CUSO examinations, drawing from his experience as a former NCUA Regional Director. He compares CUSO exams to credit union exams and provides insights into what credit unions and CUSOs can expect during these reviews.

## Key Points
1. CUSO exam frequency and types:
   - Less frequent than credit union exams
   - Three types: integrated exams, standalone exams, and independent reviews

2. NCUA's authority to examine CUSOs:
   - Based on agreements between credit unions and CUSOs
   - Allows NCUA complete access to CUSO books and records

3. Types of CUSOs likely to be examined:
   - Those offering new or growing services (e.g., commercial loans, student lending, FinTech)

4. NCUA's focus during CUSO exams:
   - Systemic risks
   - Individual credit union risks
   - New or growing services

5. Documents NCUA may request:
   - Strategic plans
   - Disaster recovery plans
   - Organizational charts
   - Board minutes
   - Customer lists
   - Policies and procedures

6. Corporate veil considerations:
   - Ensuring independence between CUSO and credit union operations

7. "Primarily serves" requirement:
   - Case-by-case determination
   - Based on totality of circumstances

## Notable Quotes
"Getting a CUSO review, if your books and records are clean and your services are well documented and you can do a good job of controlling the narrative when NCUA comes in, when that happens, it's actually, can be a plus."

## Upcoming NCUA Developments
- Proposed rule on eligible obligations and loan participations expected between July and September

## Resources Mentioned
- Credit Union Exam Solutions: marktrico.com
- CUSO Law: cusolaw.com
- Previous podcast episode with Brian Lauer on CUSO regulation changes (episode number to be added in show notes)

## Call to Action
Subscribe to "With Flying Colors" on your favorite podcast app for more expert insights on achieving success with NCUA.