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

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sectorhttps://home.treasury.gov/system/files/136/Treasury-AI-RFI-financial-sector-2024.pdf?utm_medium=email&utm_source=NCUAgovdeliveryhttps://www.linkedin.com/in/mark-treichel/ 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Connect with Mark Treichel on Linkedin:https://www.linkedin.com/in/mark-treichel/Where to find the entire NCUA report:https://ncua.gov/files/publications/analysis/quarterly-data-summary-2024-Q1.pdf 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Hello, this is Samantha Shares. This episode covers N C U A Board Member Tanya Oatska’s statement on the agency’s Collection of Overdraft and Non-Sufficient Fund Data The following is an audio version of that statement. This podcast is educational and is not legal advice. We are sponsored by Credit Union Exam Solutions Incorporated, whose team has over two hundred and Forty years of National Credit Union Administration experience. We assist our clients with N C U A so they save time and money. If you are worried about a recent, upcoming or in process N C U A examination, reach out to learn how they can assist at Mark Treichel DOT COM. Also check out our other podcast called With Flying Colors where we provide tips on how to achieve success with N C U A. NCUA Board Member Tanya Oatska Statement on N C U A’s Collection of Overdraft and Non-Sufficient Fund Data during a meeting of the NCUA Board.As Prepared for Delivery on May twenty second, twenty twenty fourThe N.C.U.A. has a responsibility to ensure we have a safe and sound system of cooperative credit and a mandate to ensure that credit unions are following all applicable laws. The actions that N C U A has taken over the years with respect to overdraft and fee income is consistent with those responsibilities.It’s important for the N C U A to understand the data both at the individual institution level and system wide. We also need to make sure that it is transparent for credit unions, credit union members and the public. Overdraft practices and fees should already be disclosed to members and in compliance with applicable laws.An overreliance on overdraft and NSF fees adversely affects both members and their credit unions. Institutions that rely more on fee income have greater concentration risk.N C U A’s supervisory priorities have included overdrafts for several years. In 20 18 and 20 19, N C U A examiners reviewed credit union overdraft practices, including opt-in disclosures, and conducted transaction testing to verify that credit unions were complying with the applicable regulatory provisions.In 20 22, examiners requested information about a credit union’s policies and procedures governing its overdraft programs.In 20 23, NCUA examiners started conducting reviews of overdraft website advertising, balance calculation methods, and settlement processes for federal credit unions with assets totaling 500 million dollars or more.I think it is prudent to not prejudge the data or assume a narrative before assessing the data in aggregate. Our very capable staff is currently assessing the newly collected data and I look forward to reviewing it to get a better sense of the bigger picture. This concludes the statement. If your Credit union could use assistance with your exam, reach out to Mark Treichel on LinkedIn, or at mark Treichel dot com. This is Samantha Shares and we Thank you for listening. 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Hello, this is Samantha Shares. This episode covers N C U A Vice Chairman and Board Member Kyle S. Hauptman statement on the agency’s Collection of Overdraft and Non-Sufficient Fund Data The following is an audio version of that statement. This podcast is educational and is not legal advice. We are sponsored by Credit Union Exam Solutions Incorporated, whose team has over two hundred and Forty years of National Credit Union Administration experience. We assist our clients with N C U A so they save time and money. If you are worried about a recent, upcoming or in process N C U A examination, reach out to learn how they can assist at Mark Treichel DOT COM. Also check out our other podcast called With Flying Colors where we provide tips on how to achieve success with N C U A. N.C.U.A. Vice Chairman Kyle S. Hauptman Statement on Nonsufficient Funds (N.S.F.) Fees N.C.U.A. Vice Chairman Kyle S. Hauptman during a meeting of the N.C.U.A. Board.As Prepared for Delivery on May twenty second, 20 24“No regulation or law passed by government repeals the laws of economics.”I would like to use this meeting to talk about the N.C.U.A.’s recent decision to require credit unions with 1 billion in assets and over to publicly publish their revenue from overdraft fees and fees for insufficient funds.No one likes paying those fees. I have paid them myself. But anytime you wake up and owe $X that day but have less than X dollars available, there are only a series of bad options. We are pressuring credit unions to limit what is often the least-bad option for members under financial stress.I’m also aware that there are policy changes the federal government can make to reduce those sticky financial situations, just by making the existing financial system work better. As much as one-third of all late fees and overdrafts could be eliminated with faster payments that get people their money quicker, which is something Senator Schatz of Hawaii often mentions.The reason for my comments today is that we have not discussed change in the fifty three hundred Report at a Board Meeting, and yet I can’t go to any event without being asked the same questions: “Why are you doing this to us? Do you realize how harmful it is to members?”"No one likes paying those fees. I have paid them myself. But anytime you wake up and owe $X that day but have less than X dollars available, there are only a series of bad options."My answers are, I wish the N.C.U.A. was not doing this – especially on such short notice – and finally yes, I do realize how harmful it is to consumers.I found out about this burdensome requirement in January. In lieu of repeal, I have suggested several ways to make it less damaging to both credit unions and to the Share Insurance Fund. For example, the same data could be collected in a manner where it’s available to N.C.U.A. examiners and we only publish aggregate data. We could also listen to those pleading for adequate time to prepare, and not publish the data until next year, especially since it’s been harder than expected to figure out what numbers are to be used for each category. All my ideas were rejected. Credit unions will now face reputational risk for data that neither the N.C.U.A. nor the credit union knows to be correct.So, we are now yet another agency mathematically incentivizing institutions to avoid serving low-income people. This policy is very clear: don’t serve the underserved.We are now working against the Federal Credit Union Act, which states credit unions are “to create credit…for those of modest means.” Well, it’s not the rich that are going to worry about overdraft protection being removed. It’s not those with secure, high-paying jobs that will suffer from a further reduction in offers for ‘free checking accounts.’ And make no mistake, the N.C.U.A.’s requirement is designed to pressure those fees downward, since one of the main reasons credit unions want more time to comply is to lower these fees and to try to raise revenue in other ways and re-evaluate their business models.We have seen this movie before. In 2010, the Dodd-Frank Act reduced access to free checking. The bill had a provision on debit cards that contained government price-setting, a provision that mathematically made it less profitable to serve low-income people. The outcome was as painful as it was predictable: ‘free checking’ fell away significantly as new requirements kicked in for direct-deposits, higher minimum balances, etc. Anyone who can’t meet those requirements has to pay monthly account fees or lose access to the banking system.Doesn’t it seem odd for someone to support the regulations that make it infeasible to serve low-income people, and then talk about ‘financial inclusion’ and lament the millions of Americans who are unbanked? It reminds me of the story about the guy who killed his own parents and then asked for leniency because he’s an orphan."That’s the real-world reali

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/https://www.linkedin.com/in/mark-treichel/ 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/This episode of Samantha Shares presents an audio version of NCUA Chairman Todd Harper's written testimony before the Senate Banking, Housing, and Urban Affairs Committee. The testimony covers the performance and challenges of the credit union system in 2023, including mixed outcomes due to market competition and rising interest rates, financial stresses, and increases in delinquency rates. Harper discusses the state ofthe National Credit Union Share Insurance Fund, legislative requests for enhancing NCUA's authority, efforts to improve cybersecurity, consumer financial protection, support for minority depository institutions, and initiatives for diversity, equity, inclusion, and accessibility within the credit union system. Sponsored by Credit Union Exam Solutions Incorporated, the episode also mentions ways Credit Union Exam Solutions assists clients with NCUA examinations and highlights the importance of managing liquidity risk, cybersecurity threats, and ensuring adherence to consumer protection laws.00:00 Introduction to NCUA Chairman's Testimony00:18 Sponsorship and Additional Resources00:47 Overview of NCUA's Work and Credit Union System State03:03 Credit Union System Performance Analysis05:22 External Factors and AI in the Credit Union System07:57 Share Insurance Fund Performance Insights09:26 Central Liquidity Facility's Role and Performance12:29 NCUA's Initiatives for System Protection and Enhancement12:56 Cybersecurity Enhancements and Consumer Financial Protection19:41 Support for Minority Depository Institutions and DEIA Efforts27:59 Rulemaking Activities and Legislative Requests37:28 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Hello, this is Samantha Shares. This episode covers N C U A’s Board Member Tanya Oatska’s Remarks at Treasury’s Roundtable for Providing Financial Access to Justice-Impacted Individuals The following is an audio version of those remarks. This podcast is educational and is not legal advice. We are sponsored by Credit Union Exam Solutions Incorporated, whose team has over two hundred and Forty years of National Credit Union Administration experience. We assist our clients with N C U A so they save time and money. If you are worried about a recent, upcoming or in process N C U A examination, reach out to learn how they can assist at Mark Treichel DOT COM. Also check out our other podcast called With Flying Colors where we provide tips on how to achieve success with N C U A. Before the remarks you may wonder what the definition of a Justice-impacted individuals is. Justice impacted individuals include those who have been incarcerated or detained in a prison, immigration detention center, local jail, juvenile detention center, or any other carceral setting, those who have been convicted but not incarcerated, those who have been charged but not convicted, and those who have been arrested. And now the remarks. As Prepared for Delivery on April 24, twenty twenty fourGood afternoon and thank you to Deputy Secretary Adeyemo and everyone at Treasury for convening this critical and timely discussion.The credit union system is an important and unique part of our financial system because it is centered around a cooperative business model that is driven not by a profit motive or shareholder interests, but by the needs of credit union members. Many credit unions were created to serve communities that the traditional financial system has long forgotten. So, it is fitting that the NCUA and credit unions are at the table when it comes to providing financial access to justice-impacted individuals and marginalized communities.One of the challenges justice-impacted individuals face when looking to open a bank account is the lack of a driver’s license or other IDs typically preferred or required by banks. The NCUA previously issued an opinion indicating that it is acceptable to use an individual taxpayer identification number (ITIN) to open an account, and credit unions have led in this space.For example, Stepping Stones Community Federal Credit Union, which is here today, serves justice-impacted individuals at three local prisons in Delaware by partnering with the Delaware Department of Corrections. They use ITINs to open accounts for members and work with the business office at the prison to gain identification information to establish the account. The prison provides documents certifying the authenticity of the members and names. As of November 2023, the program had 482 active accounts totaling more than $300,000.Several credit unions in New York City, including the Lower East Side People’s Federal Credit Union, Neighborhood Trust Federal Credit Union, Urban Upbound, and USAlliance currently accept IDNYC, a municipal ID card that New York City started issuing in 2014. It is available to all residents of New York City, including people from some of the most vulnerable communities, such as those who are unhoused, justice-impacted individuals, immigrants, and others who may have difficulty obtaining a government-issued photo ID.Lastly, the NCUA recently updated its policy on preserving minority depository institutions (MDIs) -- a main priority for me. As a regulator whose focus is to ensure fair, safe, and accessible banking services to credit union members, the NCUA is committed to preserving minority depository institutions, providing technical assistance and support, and encouraging new ones to form.M D I’s have a long history of bridging the gap to underserved communities. Many of the credit unions doing the work of helping justice-impacted individuals are M D I’s. Indeed, four out of the five credit unions I mentioned today are designated MDIs.I am encouraged by the steps the agency and credit unions have taken to address the financial gap justice-impacted individuals face. However, we know that more needs to be done, and I look forward to hearing from you all on how we can continue to expand access and economic empowerment to more people and communities. Thank you.This concludes the remarks. If your Credit union could use assistance with your exam, reach out to Mark Treichel on LinkedIn, or at mark Treichel dot com. This is Samantha Shares and we Thank you for listening. 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

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/ Hello, this is Samantha Shares. This episode covers America’s Credit Union’s Letter to the National Credit Union Administration’s Board on Permitting Childcare Expenses as Reimbursable The following is an audio version of that letter and the press release. This podcast is educational and is not legal advice. We are sponsored by Credit Union Exam Solutions Incorporated, whose team has over two hundred and Forty years of National Credit Union Administration experience. We assist our clients with N C U A so they save time and money. If you are worried about a recent, upcoming or in process N C U A examination, reach out to learn how they can assist at Mark Treichel DOT COM. Also check out our other podcast called With Flying Colors where we provide tips on how to achieve success with N C U A. And now the letter. RE: Permitting Childcare Expenses as Reimbursable Under 12 CFR 701 point 33Dear Chairman Harper, Vice Chairman Hauptman, and Board Member Oatska:On behalf of America’s Credit Unions, I am writing to request the National Credit Union Administration (the agency) explicitly permit reimbursement of childcare related costs incurred by a federal credit union (F C U) board member. While the term “childcare” is used throughout this letter, our ask is that child and other non-child dependent care expenses be reimbursable America’s Credit Unions is the voice of consumers’ best option for financial services: credit unions. We advocate for policies that allow the industry to effectively meet the needs of their nearly on hundred forty million members nationwide. Credit unions stand out from banks in a variety of ways, including our emphasis on diversity, equity, and inclusion. This is, in part, evident in the prevalence of and increasing percentage of women, not only in senior level positions, but also at the board level. Based on data from the THE AGENCY and analyzed by America’s Credit Unions, the percentage of women board members has increased by roughly five percentage points among all asset ranges since at least twenty twelve. This is a testament to the work of our industry to achieve greater gender equity in leadership. Further, we are proud to have a regulator in the THE AGENCY that similarly emphasizes the importance of equality in the credit union industry. We applaud the focus of the THE AGENCY Board, as well as staff, including those in the agency’s Office of Minority and Women Inclusion. We appreciate the Board’s recent willingness to pursue actionable items to address ongoing challenges among credit unions, such as those related to the agency’s records preservation program. Our request below is another great opportunity for the Board to take action to achieve a sensical change to the agency’s regulations. We ask the THE AGENCY to update its existing regulation pertaining to reimbursement of F C U officials. Specifically, we ask the Board to amend section 701 point 33 to allow F C U board members to be reimbursed for the cost of childcare when it is necessary in order to attend an official board meeting of the F C U. Family structures and childcare responsibilities are significantly different now than when this provision was last amended. To attract new talent, people with young children should be afforded the opportunity to more easily participate on a credit union board with appropriate reimbursement for their childcare expenses. | | | The Federal Credit Union Act (F C U Act) provides sufficient latitude for the Board to pursue such an amendment. While section 1761(c) of the Act generally limits compensation to a single board member, it explicitly states that “the reimbursement of reasonable expenses incurred in the execution of the duties of the position shall not be considered compensation.”3 This provision of the Act is implemented by section 701 point 33(b) of the agency’s regulations, which, consistent with the Act, states that compensation specifically excludes: Payment (by reimbursement to an official . . . ) for reasonable and proper costs incurred by an official in carrying out the responsibilities of the position to which that person has been elected or appointed, if the payment is determined by the board of directors to be necessary or appropriate in order to carry out the official business of the credit union, and is in accordance with written policies and procedures, including documentation requirements, established by the board of directors. Such payments may include the payment of travel costs for officials and one guest per official[.]4 In particular, we ask the Board to update the existing limitation in section 701 point 33(b)(2)(i). This could be achieved by simply inserting “childcare” into the last sentence of section 701 point 33(b)(2)(i) as follows: “Such payments may include the payment of childcare or travel costs for officials and one guest per official[.]”The AGENCY last updated the provision regarding the definit

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/https://ncua.gov/files/press-releases-news/incentive-based-compensation-arrangements.pdfAbove is the link to the 200 page proposed rule on banker's incentive compensation. 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/America's Credit Unions Appeal Against Disclosure of Fee DataThis episode of Samantha Shares presents an audio version of a letter from Carrie Hunt, Chief Advocacy Officer for America's Credit Unions, to the National Credit Union Administration (NCUA) Board of Directors, dated April 19, 2024. The letter requests the NCUA not to publicly disclose overdraft and non-sufficient funds (NSF) fee data collected in the latest Call Report. America's Credit Unions argue that disclosing this information could harm credit unions' reputations and should be considered confidential business information under FOIA exemptions. The organization had already expressed concerns about the process of including such data in the Call Report without sufficient notice to credit unions. The letter underscores the potential reputational risks and misleading interpretations if the fee data is made public. It urges the NCUA Board to either prevent the disclosure of the fee data or delay it until the legal and policy implications are fully assessed.00:00 Introduction to the Episode00:26 Sponsorship and Additional Resources00:55 The Letter to the NCUA Board01:08 Urging Nondisclosure of Fee Data03:33 Concerns Over Public Disclosure04:43 Conclusion of the Letter 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/This episode of Samantha Shares focuses on the NCUA's Advanced Notice of Proposed Rulemaking regarding updates to its Records Preservation Program regulations and Catastrophic Act Preparedness Guidelines, aiming to solicit comments for improvement. It highlights the need for feedback on the outdated Part 749 regulations, detailing the current standards for records preservation among credit unions and the request for comment on vital records definitions, retention practices, and additional guidance to ensure effective recordkeeping and disaster preparedness. The NCUA seeks to modernize and clarify these regulations to aid credit unions in maintaining crucial records for business continuity and member service. The podcast is sponsored by Credit Union Exam Solutions Incorporated, offering expertise in NCUA examination preparation.00:00 Welcome and Introduction00:02 Overview of the ANPR and Sponsorship00:54 Deep Dive into the ANPR06:28 Request for Comments and Feedback12:58 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/NCUA April 2024 Board Meeting In this episode of Samantha Shares, the focus is on the April 2024 Board Meeting of the National Credit Union Administration (NCUA). Notably, this meeting addressed a sole agenda item: the Advanced Notice of Proposed Rulemaking for Part 749, concerning the Records Preservation Program and its appendices. The discussion highlighted the need for clarity and updates to the existing regulations, particularly to assist small credit unions with record retention guidelines and catastrophic act preparedness. Contributions from various NCUA offices were acknowledged, with staff members providing insights on the significance of record preservation for credit unions, especially in the wake of natural disasters or unforeseen events. The meeting welcomed newcomer Renita Murselin and emphasized the agency's mission to protect consumers and ensure the safety of the Share Insurance Fund. It also invited public comment and suggestions on improving the clarity and efficiency of record retention practices, reflecting the NCUA's commitment to staying adaptive and responsive to the needs of credit unions and their members.00:00 Welcome to Samantha Shares: NCUA April 2024 Board Meeting Overview00:25 Sponsor Highlight and Additional Resources00:55 NCUA Board Meeting Begins: Agenda and Introductions01:50 In-Depth Discussion on Records Preservation Program13:06 Board Members' Remarks and Discussion on Regulatory Impact30:31 Closing Remarks and Adjournment 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Understanding NCUA's Guidance on Credit Unions and Distributed Ledger TechnologiesThis episode, hosted by Samantha Shares, delves into the NCUA's letter to credit unions (22-07) regarding the use of Distributed Ledger Technologies (DLT). Aimed at federally insured credit unions, the letter highlights how the NCUA supports the adoption of financial technologies that help improve services, while advising credit unions to approach DLT with sound governance and risk management. It clarifies that DLT is not prohibited but must be used in compliance with applicable laws, and stresses the importance of due diligence in evaluating DLT's risks and benefits. This guidance is aimed to aid credit unions in leveraging DLT responsibly and effectively, ensuring they remain competitive and continue to serve their members' needs safely.00:00 Welcome and Introduction00:49 Overview of NCUA's Letter on DLT Use01:22 Key Considerations for Credit Unions Using DLT03:31 Governance, Oversight, and Planning for DLT04:41 Risk and Risk-Mitigation Strategies06:15 Information and Cybersecurity Risks06:57 Legal and Compliance Risks07:47 Strategic, Reputation, and Liquidity Risks08:29 Third-Party Risk Management08:52 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/NCUA Chairman Harper's 2023 Annual Report HighlightsThis episode of Samantha Shares delivers an audio version of NCUA Chairman Todd Harper's statement from the 2023 agency annual report. It discusses the National Credit Union Administration's (NCUA) achievements, including receiving clean audit opinions for its funds, and its commitment to protecting consumers, strengthening the credit union system, and expanding financial access. The report covers the NCUA's response to economic challenges, efforts in financial security and equity, cyber resiliency, and investment in employees. It highlights initiatives like the Minority Depository Institution support and updates in cybersecurity examination procedures. The Chairman reflects on the stability and resilience of credit unions amidst economic headwinds and outlines future priorities for safeguarding the system and advancing consumer financial protection.00:00 Welcome to Samantha Shares: NCUA Chairman's Statement Overview00:15 Sponsor Shoutout: Credit Union Exam Solutions00:45 Chairman Harper's Statement: Protecting Consumers and Credit Unions01:05 Annual Report Highlights: Achievements and Financial Health01:53 Mission and Initiatives: Strengthening the Credit Union System02:52 Responding to Economic Headwinds: Strategies and Actions04:39 Advancing Financial Security, Equity, and Allyship08:34 Maintaining Cyber Resiliency in the Face of Threats10:39 Investing in NCUA Employees: Training and Development12:11 The Road Ahead: Challenges and Opportunities15:02 Values and Closing Thoughts: Looking Towards the Future17:55 Final Remarks and How to Get Help with NCUA Exams 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Connect with us on LinkedIn.https://www.linkedin.com/in/mark-treichel/Understanding NCUA's Capitalization of Unpaid Interest RegulationThis episode of Samantha Shares delves into the NCUA's letter to credit unions (23CU07), detailing the Capitalization of Unpaid Interest. It explains the unanimous vote by the NCUA Board on June 24, 2021, to allow interest capitalization in loan workouts and modifications, effective from July 30, 2021. The regulation aims to help borrowers facing financial hardships by offering various modification options like lowering payments, extending maturity dates, and capitalizing interest, ensuring these modifications are conducted under safe and sound lending practices. It emphasizes consumer protection, adherence to documentation requirements, and considerations for credit risk. The podcast also covers Q&A on loan modification policies, determining borrower's repayment ability, required disclosures, and acceptable methods for interest capitalization. Sponsored by Credit Union Exam Solutions Inc., 00:00 Welcome to Samantha Shares: NCUA Letter Overview00:17 Sponsor Shoutout and Additional Resources00:46 Diving Into the NCUA Letter: Capitalization of Unpaid Interest02:23 Consumer Protection and Credit Risk Considerations04:05 Q&A: Understanding Loan Modification Policies07:30 Concluding 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/ Insider Dealing and Conflicts of Interest in Credit UnionsThis episode of Samantha Shares covers the National Credit Union Administration's (NCUA) advisory on insider dealing and conflicts of interest within credit unions, outlined in their letter number Eighty six dash C U dash eighty four. It starts with an introduction to the podcast's sponsor, Credit Union Exam Solutions Incorporated, highlighting their expertise in assisting with NCUA examinations. The episode then delves into the NCUA letter, emphasizing the agency's findings from a two-year comprehensive report on insider dealings and conflicts of interest, which, although minimal in number, have caused significant financial losses. The agency is taking steps to improve education, investigation, and enforcement to prevent such unethical practices, including adopting new criminal referral forms, hiring litigation specialists, and developing a model examination with NASCUS. The letter concludes with guidance for credit union officials and employees on avoiding personal gain from their positions, other than through normal salary and benefits, and encourages reporting suspected criminal activities.00:00 Welcome to Samantha Shares: NCUA Advisory Overview00:19 Sponsor Spotlight: Credit Union Exam Solutions00:58 Insider Dealing and Conflicts of Interest: An In-depth Analysis03:38 Agency's Response and Preventive Measures05:51 Closing 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/https://www.fdic.gov/resources/supervision-and-examinations/consumer-compliance-examination-manual/documents/2/ii-1-1.pdfhttps://www.linkedin.com/feed/update/urn:li:activity:7172605257267433472/Understanding the FDIC's Compliance Examination ProgramThis episode of Samantha Shares dives into the Federal Deposit Insurance Corporation's (FDIC) compliance examination program, highlighting its relevance to credit unions in light of upcoming separate compliance examinations and ratings by the National Credit Union Administration (NCUA). The podcast outlines the FDIC’s supervisory activities, including consumer compliance examinations, visitations, and investigations, aiming to ensure financial institutions comply with federal consumer protection laws. It details the examination process, which combines risk-focused and process-oriented approaches to evaluate the quality of an institution's Compliance Management System (CMS) and adherence to relevant laws and regulations. The episode also discusses the role of compliance examiners, the applicability of the examination program to both large and small institutions, and the importance of distinguishing between laws, regulations, and supervisory guidance. Sponsored by Credit Union Exam Solutions Incorporated, the podcast also promotes their services for credit unions facing NCUA examinations.00:00 Introduction to Compliance Examination Program01:03 Overview of Compliance Examinations03:27 Examination Approach and Determining Risk05:31 Evaluating the Compliance Management System08:37 Applicability and Adaptability to Large and Small Institutions10:52 Role of the Compliance Examiner12:17 Overview of the Examination Process17:05 Distinguishing Between Laws, Regulations, and Supervisory Guidance18:39 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Decoding the Federal Reserve's Future Financial Policies with J. PowellThis episode of Samantha Shares features an audio version of a statement made by J. Powell, Chair of the Board of Governors of the Federal Reserve System, addressing the U.S. House of Representatives' Committee on Financial Services on March 6, 2024. Powell reports on the Federal Reserve's current monetary policy, emphasizing its commitment to its dual mandate of promoting maximum employment and stable prices. Despite inflation rates being above the target, there's been considerable progress toward economic stability without a notable increase in unemployment. Powell discusses the current economic situation, including a strong pace of economic activity, labor market conditions, and inflation dynamics. The episode also outlines the Federal Reserve's cautious approach to adjusting monetary policy, aiming to balance the risks to both inflation and economic activity. Sponsored content from Credit Union Exam Solutions Incorporated is included, offering services for managing NCUA examinations.00:00 Introduction and Sponsorship00:54 Statement Overview02:10 Current Economic Situation and Outlook04:03 Monetary Policy05:42 Conclusion and Q&A06:04 Closing 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Tanya Otsuka’s Speech at the 2024 Governmental Affairs Conference This episode of 'Samantha Shares' features an audio version of National Credit Union Administration Board Member Tanya Otsuka’s speech delivered at the 2024 Governmental Affairs Conference, sponsored by Credit Union Exam Solutions Incorporated. Otsuka discusses her background, experiences, and the lessons learned from previous financial crises, emphasizing the importance of safety and soundness, consumer protection, and the role of credit unions in the economy. She outlines her commitment to supporting small, low-income, and minority depository institutions, combating geography, racial, and socio-economic disparities in financial services, and improving access to safe and affordable financial products. Otsuka highlights initiatives and examples of credit unions positively impacting their communities and addresses the challenges faced by credit unions, including cybersecurity and economic pressures. She underscores the unique advantages of credit unions and the NCUA's role in ensuring a healthy, competitive, and inclusive financial system for all members. 00:00 Introduction00:48 Opening Remarks and Background01:29 Vision and Priorities as a Board Member02:06 Importance of Safety, Soundness and Consumer Protection03:41 Addressing Geographic, Racial, and Socio-economic Disparities04:44 Examples of Credit Unions Making a Difference05:27 Agency Resources and Initiatives06:28 Challenges Faced by Credit Unions07:03 The Credit Union Difference08:01 Conclusion and Future Engagement08:05 Closing Remarks 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Understanding NCUA's Updated Interest Rate Risk Supervisory FrameworkThe podcast discusses the supervisory letter by NCUA, numbered 22-01, issued in September 2022, which updates the Interest Rate Risk Supervisory Framework. The letter is still active and serves as a reference for the agency staff during examinations and discussions. The podcast covers important aspects of the letter, such as the sharp increase in interest rates and its impact on credit unions, changes to risk management expectations, and updated supervision procedures for interest rate risks. It also provides advice for credit unions worried about NCUA examinations. The show is sponsored by Credit Union Exam Solutions Incorporated, and is presented by Mark Treichel.00:00 Introduction and Sponsorship01:02 Overview of the Supervisory Letter02:33 Changes in Interest Rate Risk Supervisory Framework03:16 Examination Procedures and Guidelines04:25 Background of Interest Rate Risk Supervision07:28 Updated Supervision Procedures for Interest Rate Risk08:29 Key Procedure Changes for Interest Rate Risk Supervisory Framework14:12 Additional Considerations when Assessing Credit Unions’ Interest Rate Risk22:29 Guidelines for Federally Insured, State-Chartered Credit Unions22:41 Appeals and Additional Guidance23:09 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/NCUA Board Briefing: Current State & Performance of the National Credit Union Share Insurance FundIn February 2023, The National Credit Union Administration (NCUA) Board briefing discussed the performance of the National Credit Union Share Insurance Fund (NCUSIF) and credit union CAMELS ratings. The NCUSIF reported a net income of $71.7 million, $21.4 billion in assets, and $126.2 million in total income for the fourth quarter of 2023. The equity ratio stood at 1.30 percent. While there were positive achievements, the Board also highlighted the growing signs of financial strain on credit union balance sheets and consumer financial stress. The number of composite CAMELS code 3 credit unions reduced slightly, but their assets increased significantly. The Board members emphasize the importance of liquidity planning for credit unions and indicate continued vigilance in monitoring credit union and NCUSIF performance. They also stress the necessity for credit unions to utilize federal facilities like the NCUA’s Central Liquidity Facility and the Federal Reserve’s Discount Window.00:00 Introduction and Sponsorship01:04 Board Action Bulletin: CAMELS Code 3 Credit Union Assets Increase03:49 Board Members' Statements: Editorial Comment04:40 Chairman Harper's Statement13:16 Vice Chairman Hauptman's Statement15:11 Board Member Tanya Otsuka's Statement18:59 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/NCUA's Board Statements on Minority Depository Institutions & Final Policy StatementThis 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 Sponsorship00:55 Board Action Bulletin on M D Is01:56 Chairman Todd Harper's Statement05:06 Vice Chairman Kyle Hauptman's Statement08:44 Board Member Tanya Otsukas Statement14:39 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Understanding the FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lendinghttps://www.linkedin.com/in/mark-treichel/https://www.marktreichel.com/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 Sponsorship00:51 FFIEC Statement Overview02:51 Risks From Valuation Discrimination and Bias03:55 Applicable Statutes, Regulations, and Guidance08:45 Examination Principles09:40 Conclusion and Implementation of the Principles10:54 Consumer Compliance Examination Principles13:52 Safety and Soundness Examination Principles16:26 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Anticipating the NCUA's Rule on Succession PlanningThis 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 Sponsorship00:55 Overview of the Proposed Regulation on Succession Planning02:11 Importance of Succession Planning04:11 Increased Relevance of Succession Planning07:36 Legal Authority for the Proposed Rule09:15 Details of the Proposed Rule12:48 Current Succession Planning Efforts13:54 Minimizing Burden of the Proposed Rule16:47 Questions for Comment19:31 Regulatory Procedures22:29 Proposed Changes to Part 70124:07 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/NCUA Chairman's Remark at Brookings Institute: Regulatory Changes & Credit Union DevelopmentsThis 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 Overview00:02 Insights from NCUA Chairman's Remarks00:50 Sponsorship and Services01:19 Discussion on Overdraft Data Reporting02:36 Implications for Consumer Compliance03:56 Chairman Harper’s Prepared Remarks at the Brookings Institute07:48 Credit Union Performance Data and Warning Signs12:16 Vendor Authority and Risks19:05 Central Liquidity Facility and its Importance22:18 Consumer Financial Protection24:30 Closing Remarks and Future Directions27:13 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/OCC's Semi-annual Risk Perspective: Understanding Key Risks in the Financial SectorThis 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 Sponsorship00:45 Overview of the OCC's Semi-annual Risk Perspective01:00 Commercial Credit Themes07:05 Retail Credit Themes11:15 Market Risk15:58 Operational Risks: Cybersecurity18:28 Innovation and Adoption of New Products and Services22:18 Third-Party Risk Management and Other Operational Risks23:46 Compliance Risk: Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control26:05 Consumer Compliance and Community Reinvestment Act/Fair Lending Risks27:37 Climate-Related Financial Risk30:09 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Understanding Enterprise Risk Management (E R M) and NCUA's Supervisory ExpectationsIn 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 Sponsorship01:00 Understanding Enterprise Risk Management (E R M)04:00 Components of an E R M Framework09:20 N C U A's Perspective on E R M10:59 Addressing Risk Management in Examinations13:16 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Understanding NCUA's Letter On the Evaluation of Earnings for Credit UnionsSamantha 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 Sponsorship00:55 Understanding Earnings in Credit Unions03:30 Earnings Assessment Framework07:19 Examiner Assessment of Earnings09:25 Earnings Red Flags11:40 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/NCUA Examination Priorities for 2024 and Guidance for Credit UnionsIn 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 Sponsorship00:48 NCUA's Examination Priorities for 202402:43 Supervisory Priorities for 202402:46 Credit Risk04:56 Liquidity Risk07:28 Consumer Financial Protection08:58 Information Security (Cybersecurity)11:26 Interest Rate Risk (IRR)12:41 Other Updates and Bank Secrecy Act (BSA) Compliance13:48 Support for Small Credit Unions and Minority Depository Institutions15:13 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Liquidity Risk Management Advisory: An OverviewIn 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 Sponsorship00:45 Advisory on Liquidity Risk Management01:20 Key Areas of Focus for Effective Liquidity Management02:05 Controlling Asset Composition02:27 Structuring Liabilities02:53 Developing Governance and Monitoring Structures03:20 Maintaining Diversified Liquidity Sources04:13 Agency's Future Plans and Resources04:52 Conclusion and Contact InformationResources:§741.12 Liquidity and contingency funding plansCentral Liquidity Facility (CLF)The Federal Reserve Discount WindowAgencies Update Guidance on Liquidity Risks and Contingency Planning, July 2023The 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Evaluating Third-party Relationships for Credit Unions: A Podcast with Samantha SharesIn 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 Sponsorship01:00 Understanding Third-party Relationships04:18 Risk Assessment and Planning05:13 Risk Assessment and Planning Considerations09:32 Due Diligence for Third-party Relationships19:59 Risk Measurement, Monitoring and Control of Third-party Relationships24:31 Summary and Conclusion25:18 Appendix A: Areas for Consideration28:05 Appendix B: List of Resources28:15 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Resumption of Federal Student Loan Payments: NCUA Guidelines and Impact on BorrowersThis podcast episode, hosted by Samantha Shares, discusses the implications of the resumption of federal student loan payments. The show is sponsored by Credit Union Exam Solutions Incorporated. The episode covers key points from the NCUA's letter to credit unions on this topic, including advice on how credit unions can manage the potential difficulties borrowers might face upon the recommencement of loan payments, as well as strategies for risk assessment, borrower outreach, and portfolio monitoring. It also focuses on financially vulnerable borrowers who are set to be impacted by the restart of loan payments while offering advice to credit unions on guiding their borrowers during these challenging times. Finally, the podcast provides an overview of how the resumption of loan payments can potentially impact credit risk and allowance for credit losses.00:00 Introduction and Sponsorship00:33 Overview of the Podcast Episode01:31 Background on Federal Student Loan Relief02:43 Impact on Student Loan Borrowers03:41 Risk Management Principles05:26 Strategies for Credit Unions09:50 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Understanding NCUA's Letter on Concentration Risk in Credit Unions In this episode of Samantha Shares, we review the National Credit Union Administration (NCUA)'s Letter to Credit Unions on Concentration Risk. The letter carries a detailed overview of what concentration risk implies and its significance in the management of credit unions. It offers a description of management's fiduciary responsibilities including identifying, managing, monitoring, and controlling concentration risk. The letter further discusses how poorly managed concentration risks in real estate loans have led to significant losses and elevated credit union failures. The episode explores various forms and sources of concentration risks that credit unions should pay attention to, strategies for identifying and measuring those risks, and how to develop a risk management policy. To this end, management is expected to ensure accurate reporting on concentration risks and must be prepared to undertake corrective action when risk limits are breached. The episode ends with an outline of possible steps needed to mitigate identified elevated concentration risks. The episode is sponsored by Credit Union Exam Solutions Incorporated. 00:00 Introduction and Sponsorship00:52 Understanding Concentration Risk02:55 Types of Concentration Risk05:19 Largest Exposures in Credit Unions07:09 Identifying and Measuring Concentration Risk12:04 Managing Concentration Risk15:51 Monitoring and Controlling Concentration Risk19:33 Examiner's Review Procedures for Concentration Risk22:37 Actions When Elevated Concentration Risk is Identified24:31 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Advisory on Managing Commercial Real Estate Concentrations in Economic ChallengesSamantha Shares discusses an FDIC advisory on managing commercial real estate concentrations in the current challenging economic environment. The advisory, applied to all FDIC-supervised financial institutions, highlights the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk management practices. Additionally, it underscores managing liquidity, funding risks, and diverse funding sources. The podcast stresses that institutions should continue making commercial real estate credit available in their communities using prudent lending standards. The episode is sponsored by Credit Union Exam Solutions Incorporated, offering assistance to clients dealing with the National Credit Union Administration examinations.00:00 Introduction and Sponsorship00:02 Overview of the Advisory Letter00:58 Summary and Highlights of the Advisory02:37 Key Risk Management Practices03:20 Full Text of the Advisory Letter04:26 Historical Context of Economic Environments05:51 Current Economic Environment and Real Estate Conditions08:50 Managing Commercial Real Estate Concentrations09:44 Key Risk-Management Actions16:52 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 expertiseWith 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.comhttps://www.linkedin.com/in/mark-treichel/Contingency Funding Plans: An Open Letter from the National Credit Union Administration In this episode, Samantha Shares discusses the National Credit Union Administration's letter concerning the importance of Contingency Funding Plans for credit unions. The letter, sent amidst financial strain in 2023, reminds credit unions to maintain viable contingency funding plans for a range of possible stress scenarios. Institutions are advised to assess their funding stability and operational readiness to access contingency lines. The episode also mentions how institutions can use the Federal Reserve's Discount Window and the Central Liquidity Facility in their contingency planning, and highlights the different requirements for institutions based on their size. This episode, sponsored by Credit Union Exam Solutions, is educational and does not serve as legal advice. 00:00 Introduction and Sponsorship00:43 Reading of the NCUA Letter00:48 Importance of Contingency Funding Plans02:10 Addendum to the Interagency Policy Statement04:49 Contingency Funding and the Federal Reserve Discount Window06:03 Credit Union Contingency Funding and the Central Liquidity Facility07:31 Conclusion and Sponsorship Reminder 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 expertiseWith 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.

Welcome to our new Podcast called Credit Union Regulatory Guidance. Hosted by Samantha Shares. This podcast provides you the ability to listen to new regulatory guidance issued by the National Credit Union Administration, and occasionally the F D I C, the O C C, the F F I E C, or the C F P B. We will focus on new and material agency guidance, and historically important and still active guidance from past years that the National Credit Union Administration cites in examinations or conversations. This podcast is educational only and is not legal advice. We are sponsored by Credit Union Exam Solutions Incorporated. We also have another podcast called With Flying Colors where we provide tips for achieving success with the N C U A examination process and discuss hot topics that impact your credit union.