What It Means When NCUA Requires a CU to Conduct an Organizational Review

This week we’re bringing back an archive episode of With Flying Colors that remains just as relevant today as when it was first recorded.

I’m joined by Steve Farrar and Todd Miller, both longtime NCUA veterans and now part of my team at Credit Union Exam Solutions. Together, we break down what it means if NCUA directs your credit union to conduct an organizational review—and why this is one of the most serious signals an examiner can send.

In this episode, we cover:

• Why an organizational review is almost always tied to serious management or governance weaknesses.
• How CAMELS codes connect to “unwilling or unable” management findings.
• The difference between NCUA’s approach and how the FDIC structures its organizational review requirements.
• The role of third-party consultants, approval requirements, and pitfalls boards must avoid.
• Why humility and proactive planning are key if your credit union receives this directive.
• War stories from our years at NCUA—including conservatorship cases and tough appraisal calls—that illustrate the real-world consequences.

If you’ve ever wondered what this type of supervisory action means for a board, a CEO, or an examiner, this conversation will give you candid insight from those who have lived it.

👉 Note: This is an archive episode—we’re resurfacing it because the lessons are timeless and many credit unions will benefit from a refresher.