Welcome to Credit Union Conversations! In today’s episode, host Mark Ritter is joined by the industry’s leading expert, Mark Treichel, to uncover the mysteries of the NCUA exam and guide you through its complexities. With insights on risk management, cybersecurity, and evolving regulations, Mark Treichel offers invaluable advice on navigating credit union challenges, especially with a new administration in place. Tune in as they discuss everything from working through exam processes, the impact of office buyouts, to the current state of credit risk and empty office spaces. Plus, get an insider's look into the concept of regulation by enforcement and how credit unions can better manage their cybersecurity efforts. Stay with us to hear Mark's advice on reaching out and getting expert assistance on your next NCUA exam.

IN THIS EPISODE:

(00:00) Introduction 

(01:34) The NCUA exam and a new administration

(09:27) Buyouts and requirements of working in person

(13:27) Credit risk management and empty offices

(19:10) Cybersecurity and regulation by enforcement

(27:53) Connect with Mark Treichel

KEY TAKEAWAYS: 

• The change in administration, particularly moving from one political party to another, significantly influences the NCUA's priorities and approach. This shift often creates chaos as new leadership adjusts priorities and regulations. 
• The NCUA is currently dealing with internal challenges, such as a hiring freeze, regulatory pauses, and staff buyouts. These factors contribute to uncertainty within the agency and affect its ability to fulfill its mission effectively. The chaotic environment could lead to turnover, with highly skilled employees either retiring or leaving for other opportunities.
• There is a focus on "regulation by enforcement," where policies are often clarified through enforcement actions rather than proper regulation. This creates ambiguity and strain on organizations, and there is a push for rules that strictly follow the intent of the law to avoid overreach and unnecessary penalties.

RESOURCE LINKS

Mark Ritter - Website

Mark Ritter - LinkedIn

With Flying Colors - Podcast

Mark Treichel - Website

Credit Union Regulatory Guidance - Podcast

BIO: 

With 33 years of experience at NCUA, I've served in key roles, including Executive Director, Regional Director, Director of Special Actions, Supervisory Examiner, and Principal Examiner. Starting as a ground-level examiner, I rose to the organization's top. As Executive Director, I supervised Regional Directors, gaining unparalleled insight into NCUA's operations and decision-making processes.

Our Team

I lead a team of former NCUA experts with a combined experience of over 240 years in credit union regulation and supervision. This wealth of knowledge allows us to provide comprehensive, insider perspectives on all aspects of credit union operations and regulatory compliance.

How We Can Help

We offer assistance with a wide range of credit union challenges, including:

1. Examination preparation and response

2. Regulatory approval processes

3. Document of Resolution (DOR) issues

4. CAMEL code assessments and improvements

5. Risk management (credit, interest rate, liquidity, etc.)

6. Regulatory compliance (BSA, Fair Lending, etc.)

7. Strategic planning and corporate governance

8. Appeals and negotiations with regulators

Areas of Expertise

- NCUA examination priorities and processes

- Large Credit Union Program and ONES transition

- CFPB compliance

- Bank purchases

- Supervisory Committee guidance

- NCUA regulations and Letters to Credit Unions