Credit Union Exam Solutions Presents With Flying Colors

NCUA Plans for Separate Compliance Exams & Other GAC Speech Predictions

Mar 4, 2024

Treichel, a seasoned expert in credit union compliance, unveils what he expects from the NCUA board’s upcoming speeches. He delves into possible shifts toward separate consumer compliance exams and scores, examining their implications on credit unions. The discussion highlights concerns about liquidity, vendor authority, and the rising administrative burdens leading to increased mergers. Treichel also shares thoughts on the evolving role of Navy Federal Credit Union in this scenario, predicting a wave of changes affecting the credit union landscape.

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Intro

00:00 • 2min

Anticipated Priorities from NCUA Board Members

02:18 • 6min

Navigating Consumer Compliance Challenges in Credit Unions

08:36 • 9min

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Treichel discusses several topics he predicts the NCUA board members will cover in their speeches such as consumer compliance, liquidity, and vendor authority. He also discusses the potential changes in NCUA's approach towards separate consumer compliance exams and scores, highlighting its impacts on credit unions. Furthermore, Treichel shares his views on the potential impact on the NCUA budget, increased credit union mergers due to raised administrative burdens, and the composition of NCUA's examination staff. He concludes by keeping an eye on the unfolding situation with Navy Federal Credit Union and anticipates more mergers as the administrative burden on credit unions increases.

00:00 Introduction to the Podcast
00:35 Speculation vs Deduction: Understanding NCUA's Plans
02:18 Predicting the Topics of NCUA Board Members' Speeches
07:44 The Future of Consumer Compliance Exams
11:24 The Impact of Increased Consumer Compliance on Credit Unions
15:30 The Role of Navy Federal Credit Union in Consumer Compliance
17:19 Closing Remarks and Future Predictions
18:08 Final Words and Podcast Sign-off