Player FM 앱으로 오프라인으로 전환하세요!
들어볼 가치가 있는 팟캐스트
스폰서 후원
LUAs - What You Need to Know
Manage episode 457103648 series 3303439
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.
LUAs What You Need to Know
Key Points:
- LUAs are formal agreements between NCUA and credit unions to address severe problems
- Usually issued to troubled credit unions, though occasionally for compliance reasons
- Formal LUAs are typically published by NCUA
- LUAs describe major issues and required corrective actions with timelines
- Language in published LUAs can be very strict and one-sided
- Credit unions should seek outside advice when faced with a published LUA
- All board members are bound by an LUA, even those who vote against it
- LUAs should focus on root causes, not every minor issue
- LUAs for established credit unions generally don't have termination dates
- In the current economic climate, NCUA may be issuing more LUAs
Advice for Credit Unions:
- Understand all requirements and timelines in an LUA before signing
- Negotiate terms with NCUA if possible before finalizing
- Request reasonable time to review draft LUA with board
- Consider consulting attorneys or credit union advisors
- Be aware of reputational risks from published LUAs
- Recognize that all board members are bound by a signed LUA
Guest Experts:
- Steve Farrar: Former NCUA examiner and central office staff
- Todd Miller: Former NCUA examiner and director of special actions
Host: Mark Treichel, Credit Union Exam Solutions
This episode provides an in-depth look at Letters of Understanding and Agreement (LUAs) from former NCUA insiders, offering valuable insights for credit union leaders dealing with these formal actions.
225 에피소드
Manage episode 457103648 series 3303439
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.
LUAs What You Need to Know
Key Points:
- LUAs are formal agreements between NCUA and credit unions to address severe problems
- Usually issued to troubled credit unions, though occasionally for compliance reasons
- Formal LUAs are typically published by NCUA
- LUAs describe major issues and required corrective actions with timelines
- Language in published LUAs can be very strict and one-sided
- Credit unions should seek outside advice when faced with a published LUA
- All board members are bound by an LUA, even those who vote against it
- LUAs should focus on root causes, not every minor issue
- LUAs for established credit unions generally don't have termination dates
- In the current economic climate, NCUA may be issuing more LUAs
Advice for Credit Unions:
- Understand all requirements and timelines in an LUA before signing
- Negotiate terms with NCUA if possible before finalizing
- Request reasonable time to review draft LUA with board
- Consider consulting attorneys or credit union advisors
- Be aware of reputational risks from published LUAs
- Recognize that all board members are bound by a signed LUA
Guest Experts:
- Steve Farrar: Former NCUA examiner and central office staff
- Todd Miller: Former NCUA examiner and director of special actions
Host: Mark Treichel, Credit Union Exam Solutions
This episode provides an in-depth look at Letters of Understanding and Agreement (LUAs) from former NCUA insiders, offering valuable insights for credit union leaders dealing with these formal actions.
225 에피소드
모든 에피소드
×1 Avoiding Document of Resolutions: 10 Essential Strategies for Credit Unions 15:28
1 GOVERNANCE ESSENTIALS: BUILDING AN EFFECTIVE ALCO COMMITTEE STRUCTURE 13:49
1 Credit Union Vs Banks: What You Need to Know About the Insurance Funds 43:50
1 Policies - Why the Are Important and What You Need to Know 32:33
1 What NCUA Really Wants to See in Your Board Reports with Todd Miller 34:39
플레이어 FM에 오신것을 환영합니다!
플레이어 FM은 웹에서 고품질 팟캐스트를 검색하여 지금 바로 즐길 수 있도록 합니다. 최고의 팟캐스트 앱이며 Android, iPhone 및 웹에서도 작동합니다. 장치 간 구독 동기화를 위해 가입하세요.