Steve Farrar

Join Steve Farrar, a former NCUA insider with 30+ years in problem case management, and Todd Miller, a nearly 35-year NCUA veteran, as they explore the nuances of NCUA examinations. They discuss the implications of declining CAMEL codes and the importance of understanding examiner findings as indicators of systemic issues. The pair emphasizes proactive management of document resolutions and the critical roles of communication and governance in navigating regulatory expectations. Their insights promise to demystify the exam process for credit unions.

Experts Steve Farrar and Todd Miller discuss the rise in Letters of Understanding in credit unions. They cover the significance, implications of non-compliance, negotiation strategies, and the importance of clear communication between board and management.

Steve Farrar, an expert on NCUA's focus on credit risk, and Todd Miller, a professional analyzing economic impacts on credit unions, bring invaluable insights. They discuss increasing loan delinquency and rising inflation, emphasizing how these factors are straining credit unions. The conversation also explores the implications of CECL, consumer struggles with interest rates, and the urgent need for credit unions to adapt their risk management. Their analysis sets the stage for navigating credit risk in the challenging economic landscape of 2024.