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Who Sees Your NCUA Exam Before You Do?
Manage episode 443994974 series 3303439
Innehåll tillhandahållet av Mark Treichel and Mark Treichel's Credit Union Exam Solutions. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Mark Treichel and Mark Treichel's Credit Union Exam Solutions eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
Set up a call:
https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10
www.marktreichel.com
https://www.linkedin.com/in/mark-treichel/
Host: Mark Treichel
Guests: Todd Miller and Steve Farrar, former NCUA examiners
Key Points:
1. NCUA implemented a new policy requiring higher-level review of all examination reports before release to credit unions.
2. The review process varies based on credit union size and CAMEL rating:
- Under $50 million and CAMEL 1-3: Supervisor review only (10 business days)
- $50-250 million or CAMEL 4-5: Division of Supervision review (additional 15 days)
- Over $250 million: Associate Regional Director review
- Over $1 billion: Additional reviews, can take up to 55 days total
3. Exam cycles:
- Well-run credit unions under $1 billion: 14-20 months between exams
- Most credit unions: Annual exams (8-12 months apart)
- CAMEL 3 ratings: Follow-up within 180 days
- CAMEL 4 ratings: Follow-up within 120 days
4. Challenges with the review process:
- Can delay report delivery beyond NCUA's 90-day goal
- May introduce new issues not discussed during fieldwork
- Lack of transparency for credit unions on report status
5. Additional exam types discussed:
- Fair lending exams
- CUSO reviews
- Special follow-ups for recordkeeping or BSA issues
The hosts emphasize the importance of credit unions staying in contact with examiners if reports are delayed and note that while the review process has benefits, it can sometimes lead to frustrations with timing and new findings.
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.
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