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Understanding NCUA's National Supervision Policy Manual (NSPM) and Examiner's Guide

Sep 9, 2024

Delve into the evolution of the National Supervision Policy Manual and its impact on credit union examination practices. Discover the shift from the outdated Examiner's Guide and the ongoing frustrations surrounding regulatory transparency. Hear insights on vital chapters, including management and regulatory waivers, and the challenges of accessing crucial information. Former examiners share their personal experiences while unraveling the complexities of navigating the exam processes, emphasizing the importance of preparation and understanding concentration risk thresholds.

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Intro

00:00 • 3min

Navigating the Evolution of Credit Union Examination Practices

03:09 • 2min

Navigating NCUA's National Supervision Policy

05:25 • 19min

Navigating Transparency and Regulatory Challenges in Credit Unions

24:46 • 5min

Navigating the National Supervision Policy Manual for Credit Unions

30:02 • 4min

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Title: Understanding NCUA's National Supervision Policy Manual (NSPM) and Examiner's Guide

Key Points:

• The National Supervision Policy Manual (NSPM) was developed around 2013 to create consistency across NCUA regions in exam processes and policies

• The NSPM has largely replaced the Examiner's Guide as the primary document for NCUA exam procedures

• The NSPM is currently on version 22 and is updated frequently

• Parts of the NSPM are redacted from public view, including sections on concentration risk thresholds

• The Examiner's Guide is now outdated in many areas but the reference sections can still be useful

• Job aids and questionnaires used by examiners in the MERIT system are not publicly available, reducing transparency compared to the previous AIRES system

• Key NSPM chapters for credit unions to review:
- District management
- Federal and FISCU program chapters
- Regulatory waivers chapter

• The podcast hosts express concerns about the lack of transparency around NCUA's concentration risk thresholds and exam procedures compared to other regulators

Guests: Todd Miller and Steve Farrar, former NCUA examiners

Host: Mark Treichel

For more information on working with NCUA, visit marktreichel.com