Steve Farr

Join Steve Farr, a former NCUA expert in enforcement, and Todd Miller, a seasoned examiner with 34 years at NCUA, as they delve into the complexities of organizational reviews in credit unions. They discuss the potential implications of these reviews on credit union management and operations. With personal anecdotes, they highlight the importance of proactive measures for governance compliance and the benefits of hiring experienced professionals to navigate systemic challenges. It's a must-listen for those seeking to enhance their operational strategies!

Todd Miller and Steve Farr, both former NCUA employees, share their extensive knowledge on document resolutions and project management for credit unions. They delve into the complexities of conservatorships, emphasizing the importance of communication during NCUA examinations. Todd and Steve discuss how the COVID-19 pandemic has created additional challenges and stress the need for transparency in project management. Their insights on balancing reporting with action and maintaining accountability offer valuable strategies for credit unions facing regulatory scrutiny.

Steve Farr and Todd Miller, both former NCUA employees with extensive backgrounds in credit union risk management, delve into the intricacies of risk appetite and frameworks. They discuss how a strong risk culture is essential for effective governance and emphasize the importance of documented risk appetite statements. The trio of defenses in risk management is explored, illustrating how frontline units, risk management, and internal audits work together. They highlight best practices, including transparency in communication and the need for action plans when approaching risk limits.