#68 NCUA's Meaning of Agreed Upon Corrective Action

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NCUA's Examination reports all state that the exam report documents our conclusions and agreed upon corrective actions.

So what does agreed upon mean?

It means you need to see it before it is final. Sadly that doesn't always happen.

While NCUA has improved their appeal process, formal appeal is still a PAIN.

NCUA encourages you to have an immediate dialogue - but what should you do if they are non-responsive?

We discuss that and more in this episode.

In 33 years at NCUA I served as Executive Director, Regional Director, Director of Special Actions, Supervisory Examiner, and Principal Examiner. I began at the ground level as an examiner. I rose to the top. As Executive Director I supervised your Regional Director. I know how NCUA thinks and why they think it. I know the examination process inside and out. I know how to communicate and negotiate with NCUA. I know how to get NCUA to YES instead of NO.

I can help if you are currently dealing with or thinking about:

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For details on the 2017 regulation change on appeals see the text below:

Appeals Process for Agency Decisions Improved

The process of appealing agency decisions to the NCUA Board will be more efficient, consistent, and transparent under a final rule (new Part 746, Subpart B) approved by the Board.

Several current NCUA regulations include an embedded appeals process, but the new rule will replace those provisions with a uniform, comprehensive set of procedures that will apply in cases in which a decision by a regional director or other program office director is appealed to the Board.

The new rule will affect appeals of decisions in areas including chartering and field of membership, investment authority, conversions and mergers, creditor claims in liquidations, and share insurance determinations. Certain areas, such as formal enforcement actions, prompt corrective action, and material supervisory determinations, would not be covered under the new rule.