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Credit Union Exam Solutions Presents With Flying Colors

Author: Mark Treichel's Credit Union Exam Solutions

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Tips for Credit Unions Success on the NCUA Examination. Brought to you by Mark Treichel's Credit Union Exam Solutions.
183 Episodes
NCUA is issuing more Letters of Understanding and downgrading more credit unions to CAMEL code 4s.  In this episode, Steve Farrar, Todd Miller, and I discuss everything you need to know about the LUA process.
odcast Show Notes---**Episode Title:** Understanding Examiner Findings, Supplementary Facts, and Documents of Resolution**Host:** Mark Treichel**Guests:** Steve Farrar and Todd Miller---**Introduction:**Welcome to another episode of "With Flying Colors." I'm your host, Mark Treichel. Today, we're diving into the intricacies of NCUA examinations, focusing on how to handle examiner findings, supplementary facts, and documents of resolution (DOR). I'm joined by two esteemed guests, Steve Farrar and Todd Miller, who bring over six decades of combined experience with NCUA. ---**Episode Highlights:****1. CAMEL Codes Deterioration:**   - Recent NCUA board briefing highlighted a decline in CAMEL codes.   - Implications include tougher examinations and more complex reports.**2. Guest Introductions:**   - **Steve Farr:** 30+ years at NCUA, former problem case officer, and writer of the enforcement manual.   - **Todd Miller:** Nearly 35 years at NCUA, with extensive experience as a capital market specialist and director of special actions.**3. Examiner Findings:**   - **Definition:** Problems identified by examiners that need addressing but don't threaten the credit union's viability.   - **Implications:** Multiple minor issues could signal broader internal control problems.   - **Regulatory Citations:** Findings should be tied to regulations or supervisory guidance.**4. Supplementary Facts:**   - **Purpose:** Used to provide additional context and alternatives for addressing problems.   - **Specialist Input:** Often includes insights from various NCUA specialists.   - **Advice:** Utilize the supplementary facts to gain a broader understanding of potential issues.**5. Documents of Resolution (DOR):**   - **Significance:** Represents more serious issues that, if left unaddressed, could harm the credit union.   - **SMART Principle:** Actions required should be Specific, Measurable, Achievable, Result-oriented, and Timely.   - **Challenges:** Achievability and timeliness can be problematic, especially with delayed final reports.**6. Real-World Application:**   - Examples of how credit unions have managed large volumes of DORs.   - The importance of addressing issues proactively to avoid escalation.**Conclusion:**Thank you for tuning into this episode of "With Flying Colors." If you're looking to optimize your results with NCUA and save time and money, visit us at Stay informed, stay prepared, and you'll pass your exams with flying colors.---**Call to Action:**- **Subscribe:** Don't miss an episode—subscribe to "With Flying Colors" on your favorite podcast platform.- **Visit Us:** For more insights and direct support, visit **Feedback:** Have questions or topics you'd like us to cover? Reach out to us via our website.---**Sponsor:**This episode is sponsored by Credit Union Exam Solutions by Mark Treichel. Optimize your NCUA results with our expert support.---**Additional Resources:**- [NCUA National Supervision Policy Manual]( [ECFR - Electronic Code of Federal Regulations](**Contact Information:**- **Host:** Mark Treichel- **Website:** []( **Email:** sure to tune in next week for more expert advice on navigating NCUA examinations and optimizing your credit union’s performance.
For the 10th or 11th quarter in a row, NCUA reports that CAMELS code ratings get worse AGAIN.Follow me on Linkedin:
In this episode of With Flying Colors, host Mark Treichel talks with Chris Call, CEO of North Bay Credit Union in California, about the challenges and developments in banking for the cannabis industry. Since California legalized recreational cannabis in 2017, North Bay Credit Union has successfully banked cannabis operators, growing its portfolio and expanding services nationwide. They discuss the evolution of cannabis banking, the impact of regulatory changes, and the implications of recent DEA announcements on the industry. The conversation also covers the Safe Banking Act, the process and significant hurdles for financial institutions in cannabis banking, and the potential effects of rescheduling cannabis on research, investment, and the overall industry. Chris Call highlights the ongoing complexities of cannabis banking despite possible legal and regulatory reforms, emphasizing that a complete normalization of the cannabis economy still faces several challenges.00:00 Maximizing Success with NCUA: Insider Tips00:40 Special Guest Introduction: Chris Call, CEO of North Bay Credit Union01:19 The Evolution of Cannabis Banking in California02:28 Challenges and Learnings in Cannabis Banking06:37 Expanding Services: The Journey into Cannabis Lending09:12 Navigating the Legislative Landscape: Safe Banking Act and DEA Announcements14:24 The Future of Cannabis Banking and Industry Impact20:47 Closing Thoughts and Future Prospects
Here is a link to NCUA's Briefing on the insurance fund: Linkedin:
Conquering Redlining and Achieving Fair Lending in Credit UnionsIn this episode of 'With Flying Colors', host Mark Treichel invites Tori Hagerty to discuss the challenges and solutions surrounding redlining in American communities and its impact on fair lending practices. Hagerty, with a background in FDIC examination and the founder of Tuscan Club Consulting, shares insights from his career and his new book 'Thick Red Line'. The conversation delves into the history of redlining, the importance of education, and strategies for credit unions to improve their lending practices. Hagerty emphasizes the need for deliberately anti-racist policies, community needs assessments, the formation of community partnerships, and the development of special credit programs to combat redlining. The podcast also addresses the roles of appraisal bias and real estate agents in perpetuating discrimination and suggests practical steps for credit unions to identify and rectify blind spots in their services.00:00 Maximizing Success with NCUA: Insider Tips and Resources00:44 Introducing Tori Hagerty: Insights on Fair Lending and Redlining05:05 Deep Dive into Redlining: History, Impact, and Solutions07:52 Identifying and Addressing Redlining: Strategies for Financial Institutions12:46 The Role of Advertising in Combating Redlining15:41 Exploring Solutions: From Community Engagement to Special Credit Programs20:27 Appraisal Bias and Its Connection to Redlining30:08 The Broader Impact of Discrimination in Lending and the Path Forward34:27 Closing Thoughts and Resources this episode of With Flying Colors, host Mark Treichel is joined by Mike Bell of Honigman to discuss current trends in credit union acquisitions and strategies for achieving success with the National Credit Union Administration (NCUA). They cover a wide range of topics, including the increasing activity in whole bank acquisitions, bank branch transactions, and the purchase of ancillary businesses such as title companies by credit unions. Mike emphasizes the opportunities present in the current economic cycle for credit unions to expand and adapt through acquisitions, highlighting the advantage of cash transactions in today’s market. They also touch upon the concept of mergers of equals among larger credit unions as a noticeable trend. Additionally, Mike Bell provides an overview of his work in facilitating these transactions across the credit union industry, offering insights into the processes and strategies that lead to successful acquisitions. The episode aims to educate listeners on the evolving landscape of credit union acquisitions and the potential for growth and efficiency gains through strategic mergers and purchases.00:00 Maximize Your Success with NCUA: Insider Tips00:39 Special Guest Mike Bell: Insights into Credit Union Growth02:14 The Surge in Credit Union Acquisitions and Market Dynamics04:34 Navigating Regulatory Landscapes and Strategic Advantages08:33 Exploring Branch Purchases and Community Impact13:55 Diving into Ancillary Business Acquisitions17:49 Strategic Considerations for Credit Union Expansion23:03 Trends and Opportunities in the Credit Union Space25:12 Connecting with Industry Experts27:02 Closing Remarks and Future Episodes
In this episode of 'With Flying Colors', host Mark Treichel discusses upcoming compensation regulation rumors, highlights the importance of governance in credit unions, and introduces listeners to guidance resources. The episode features a comprehensive discussion with Vin Vieten, a commercial lending expert, focusing on the intricacies of rating credit risk for commercial member business loans and the significance of an accurate, dynamic credit risk rating system. Treichel and Vieten also discuss the importance of governance, monitoring, and regulatory compliance in sustaining healthy lending practices. Additionally, the episode touches on the rumored regulations aimed at curbing Wall Street pay, stemming from conversations on Twitter (formerly known as X), and emphasizes the critical role of governance as observed in credit union operations.00:00 Welcome and Episode Overview00:04 Upcoming Compensation Regulation Discussion00:12 Governance Update and Guidance00:18 Classic Rewind: Rating Credit Risk on Commercial Loans04:32 Deep Dive into Credit Risk Rating Systems30:46 Exploring Resources for Improving Credit Risk Ratings33:10 Closing Thoughts and Future Topics
In this episode of With Flying Colors, host Mark Treichel and guest Mike Macchiarola, from Olden Lane, delve into strategies for passing NCUA exams and optimizing credit union operations. They discuss the roles of Olden Lane in supporting credit unions, trends in subordinated debt and M&A activities, insights from the NCUA's 2023 annual report, and the impact of the macroeconomic environment on credit unions. Key themes include the increasing importance of cybersecurity, the potential for regulatory changes affecting third-party service providers, the leverage of AI and emerging technologies, and the critical role of low-income credit unions (LICUs) in the industry. The conversation also touches on challenges such as shifts in demographic trends, cyberattacks, and the need for credit unions to adapt business models in response to changing regulations and economic conditions. Additionally, it addresses the importance of credit unions staying informed and proactive in a rapidly evolving market.00:00 Maximizing Success with NCUA: Insider Tips and Strategies00:39 Introducing Mike Macchiarola and Olden Lane's Impact on Credit Unions03:13 Deep Dive into NCUA's 2023 Annual Report: Key Observations and Trends04:46 Exploring the Challenges of the Macroeconomic Environment for Credit Unions13:09 The Rising Focus on Consumer Protection and Its Implications for Credit Unions19:31 Navigating Third Party Service Provider Oversight and Regulatory Challenges24:07 The Role and Benefits of LICU Designation for Credit Unions25:01 Exploring Regulatory Relief and Low-Income Credit Union Status25:53 The Impact of NCUA Enforcement on Credit Unions26:39 Theoretical Changes and Industry Perspectives27:58 Insights from Former NCUA Chairman Rodney Hood28:19 Trends and Predictions in Credit Union Consolidations and Mergers28:52 Navigating the Post-Pandemic Economic Landscape32:48 The Challenges and Opportunities in Commercial Real Estate35:48 Cybersecurity in the Credit Union Sector40:40 Emerging Technologies and AI in Credit Unions49:35 Final Thoughts and Contact Information
Mark Treichel hosts a detailed discussion on the NCUA's new advanced notice of proposed rulemaking on records retention for credit unions, revealing insights from the April 18th board meeting. This episode features insights from Vice Chairman Kyle Hauptman on the proposed regulatory changes aimed at easing the burden on small credit unions regarding record-keeping requirements. Hauptman highlights the challenges small credit unions face in understanding what records to keep, often erring on the side of caution by storing everything to avoid NCUA compliance issues. The discussion includes feedback from credit unions on their record storage practices and the financial and logistical burdens they face. The episode underscores the importance of the NCUA providing clear guidelines to help credit unions efficiently manage records without unnecessary costs or efforts. Treichel supports Hauptman's initiative, seeing it as a beneficial move for smaller credit unions, though he cautions about other regulatory pressures that may contradict these efforts. The episode concludes with Treichel encouraging audience feedback on the rulemaking process and sharing hopes for a future where regulations are more aligned with the operational realities of small credit unions.00:00 Maximizing Success with NCUA: Insider Tips and Support00:35 Introducing a New Approach to the Podcast00:40 NCUA's Proposed Rulemaking on Records Retention01:19 Insights from the NCUA Board Meeting and Remote Participation01:49 Vice Chairman Kyle Hauptman's Advocacy for Small Credit Unions03:37 Exploring the Advanced Notice of Proposed Rulemaking Questions08:10 A Deep Dive into Vice Chairman Houtman's Remarks19:42 Concluding Thoughts on NCUA's Impact on Small Credit Unions21:32 Signing Off with a Call for Future Engagement
Navigating Credit Union Challenges and Opportunities with Rick MummIn this episode of 'With Flying Colors,' host Mark Treichel is joined by Rick Mumm, a seasoned expert in credit union field of membership, who shares his extensive experience of over 30 years with the NCUA. This discussion covers a range of topics including new charters, mergers, bylaw amendments, and the nuances of field of membership. Mumm offers insight into the complexities of credit union operations, such as handling underserved areas, transitioning from state to federal charters, and leveraging low income designations for growth and expansion. The conversation also delves into the importance of preparing efficient applications for credit union changes or expansions to avoid common pitfalls. Mumm's consultancy services, aimed at helping credit unions navigate regulatory landscapes successfully, are highlighted, offering a glimpse into the vast expertise he brings to the credit union industry. The episode is packed with valuable tips for credit union leaders seeking to maximize their success in a complex regulatory environment.00:00 Welcome to the Classic Episode on Credit Unions00:31 Navigating the NCUA's Upcoming Board Meeting01:23 Insider Tips for Credit Union Success with NCUA02:15 Deep Dive into Field of Membership with Rick Mumm05:50 Exploring the Nuances of Field of Membership06:57 The Intricacies of Trade, Industry, and Profession Credit Unions12:26 Understanding Low Income Designations and Underserved Areas16:55 The Process and Challenges of Credit Union Mergers21:33 Bylaws and Amendments: Navigating the Regulations24:45 Expanding Services: New Charters and Share Insurance25:39 Leveraging Expertise for Efficient Credit Union Management29:31 Closing Remarks and Contact Information
Navigating NCUA's Liquidity Landscape: Insights and StrategiesIn this episode of 'With Flying Colors', hosted by Mark Treichel and featuring Todd Miller, the discussion centers around the NCUA's recent liquidity webinar. Mark and Todd share their insights into the NCUA's perspective on liquidity management, referencing three key source documents: the 2010 interagency policy statement on funding and liquidity risk management, NCUA Letter CU10 guidance issued by NCUA in 2013 on compliance with NCUA regulations, and a 2023 addendum on the importance of contingency funding plans. Todd Miller, with extensive experience at NCUA, analyzes the webinar's content, suggesting it primarily served as a refresher on previous guidance and may have offered more to smaller credit unions. They touch on the importance of cash flow statements, the evolution of credit unions' deposit base since the last financial crisis, and strategies credit unions are employing to manage liquidity pressures effectively. The episode also addresses the variance in NCUA examiners' expectations and the ongoing adjustments credit unions are making in response to rising interest rates. They conclude that proactive liquidity management and adapting to changing rate environments are crucial for credit unions to thrive.00:00 Maximize Your Success with NCUA: Insider Tips and Sponsorship00:35 Introduction to the Episode: NCUA's Liquidity Webinar Recap03:08 Deep Dive into NCUA's Liquidity Webinar: Key Takeaways and Analysis05:56 Exploring the Impact of Historical and Current Liquidity Trends08:37 The Role of Non-Member Deposits and Pricing in Liquidity Management16:24 Forward-Looking Liquidity Management: Strategies and Examiner Variability32:02 Concluding Thoughts: Adjusting to Market Conditions and Future Outlook35:09 Final Remarks and Invitation for Future Learning
Empowering Credit Unions: Insights from Rodney HoodIn this episode of With Flying Colors, host Mark Treichel welcomes former NCUA board chairman Rodney Hood to discuss a range of topics relevant to credit unions. Hood shares his gratitude towards individuals and teams that contributed to his successful tenure, highlights the importance of leadership, teamwork, and the evolution of risk management practices at NCUA. He also delves into the future of credit unions, emphasizing financial technology, inclusion, and the potential for credit unions to expand into underserved areas and business lending. Moreover, Hood talks about his current roles, advocating for fintech and financial inclusivity, and how to contact him for insights and speaking engagements.00:00 Maximize Your NCUA Exam Success with Mark Treichel00:39 Special Guest: Former NCUA Board Chairman Rodney Hood07:34 Rodney Hood's Journey: From Accounting Intern to NCUA Chairman12:51 The Return to NCUA: A Mission of Unfinished Business17:27 Embracing Fintech: Rodney Hood's Vision for Credit Unions24:46 Financial Inclusion: The Civil Rights Issue of Our Generation27:34 Innovative Credit Unions: Stories of Financial Empowerment28:35 The Role of Credit Unions in Community and Education28:59 Transition and Advice for New NCUA Board Members30:23 Embracing Technology and Continuous Learning in the Financial Sector32:52 Exploring New Frontiers: Digital Currencies and Cannabis Banking34:20 The Future of Financial Institutions: AI, Member Engagement, and Business Lending41:26 Post-NCUA Endeavors: Board Memberships and Advocacy52:02 The Importance of Continuous Learning and Engagement
Navigating Merger Madness in the Credit Union WorldIn this episode of With Flying Colors titled 'Merger Madness,' Mark Treichel discusses the complexities surrounding credit union mergers, leveraging his experience and insights into the National Credit Union Administration (NCUA)'s processes and regulations. He sheds light on the reasons behind an uptick in credit union mergers, attributing it to regulatory burdens, pandemic-induced financial stresses, and recent federal actions aiming to scrutinize bank mergers more closely. Treichel explains the purpose and operation of the NCUA's Merger Partner Registry, details the conditions under which credit unions might merge, including scenarios of financial distress, and outlines the emergency merger process according to NCUA guidelines. Furthermore, Treichel addresses the potential implications of a proposed rule from the FDIC concerning mergers between banks and credit unions, predicting a regulatory shift that could challenge credit unions' expansion through acquisitions of banks. The episode highlights the strategic considerations for credit unions facing merger decisions and offers guidance on navigating regulatory and financial challenges in the current climate.00:00 Maximize Your Success with NCUA: Insider Tips00:38 Diving into Merger Madness: The NCUA's Role and Strategies01:14 Understanding the Merger Partner Registry and Its Impact03:35 Navigating the Complexities of Credit Union Mergers08:24 Emergency Mergers and Insolvency: What You Need to Know13:20 The Future of Mergers: Regulatory Changes and Predictions18:17 The Impact of Proposed FDIC Policies on Credit Union Mergers21:41 Advice for Small Credit Unions Considering Mergers23:00 Closing Thoughts and Future EpisodesMerger Registry:
Maximizing Success with NCUA: 10 Ways to Avoid Document ResolutionsIn this episode of With Flying Colors, hosted by Mark Treichel and sponsored by Credit Union Exam Solutions, Mark shares valuable insights from his beachside brainstorming session on how to pass NCUA exams with flying colors. He discusses the importance of understanding what a document resolution is and then delves into ten strategies to avoid them, touching on topics such as compliance with the Federal Credit Union Act, NCUA regulations, your own policies, strategic planning, effective communication with NCUA, negotiation skills, training, subscribing to NCOA express and Mark's podcasts, accounting practices, and ensuring accessibility for examiners. Mark emphasizes the value of preparation, understanding, and communication in achieving success with NCUA exams and concludes by hinting at future discussions on code threes and consumer compliance exams.00:00 Welcome to With Flying Colors: Your Guide to NCUA Success00:38 A Day at the Beach: Inspiration Strikes01:45 10 Ways to Avoid a Document Resolution: An Insider's Guide07:03 The Importance of Communication and Negotiation with NCUA08:54 Training, Subscriptions, and Podcast Recommendations13:14 Final Thoughts and Looking Ahead
Understanding the Appeal Process for Credit UnionsIn this episode of 'With Flying Colors', Mark Treichel offers an insider's guide on how to navigate through the formal appeal process against decisions made by the National Credit Union Administration (NCUA). He touches upon various steps, starting from receiving the exam report, working through the examiner, and up to the regional director and NCUA board level. He also describes potentially challenging scenarios where credit unions face downgrades from their examiner, which can adversely impact their ability to serve their members. The episode concludes with examples of possible outcomes from an appeal, emphasizing the advantages of the appeal process as not only a means to change decisions but also as a platform to express grievances and foster a sense of closure.00:00 Introduction to the Podcast00:39 Understanding the Appeal Process within the Region01:38 The Importance of Good Communication in Resolving Issues02:35 Challenges Faced by Credit Unions03:25 The Fear of Retaliation in Credit Unions04:38 The Process of Appealing to NCUA05:32 Understanding the Appeal Process in Detail08:58 The Impact of Camel Code Downgrades13:24 The Appeal Process Timeline22:40 Defining Success in the Appeal Process26:01 Conclusion and Contact Information
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 Podcast00:35 Speculation vs Deduction: Understanding NCUA's Plans02:18 Predicting the Topics of NCUA Board Members' Speeches07:44 The Future of Consumer Compliance Exams11:24 The Impact of Increased Consumer Compliance on Credit Unions15:30 The Role of Navy Federal Credit Union in Consumer Compliance17:19 Closing Remarks and Future Predictions18:08 Final Words and Podcast Sign-off
With Flying Colors: Focus on Credit RiskIn this episode, Mark Treichel invites Steve Farrar and Todd Miller to discuss the NCUA's focus on Credit Risk in its Letter to Credit Unions, as well as the impact of the current economic climate on credit unions and their clients. The hosts analyze various contributing factors to this issue, including increased loan delinquency, rising inflation, and changes in the job market. They debate the relationship between CECL and the state of the economy and express concerns about the consumer's current struggles relative to inflation and interest rates. The discussion ends with a reading of the NCUA's letter on Credit Risk, stressing the need for credit unions to review and adjust risk management processes and lending programs, among others.00:00 Introduction to the Special Episode01:01 Introducing the Guests: Steve Farr and Todd Miller04:45 Discussion on Credit Risk and NCUA's Priorities05:23 Deep Dive into Credit Risk Trends and Concerns09:37 Impact of CECL and Inflation on Credit Risk12:56 NCUA's Official Language on Credit Risk15:56 Conclusion and Sign Off
Navigating Fair Lending in the Credit Union Sector: A Conversation with Dana GinsburgThis podcast transcript features Mark Treichel interviewing Dana Ginsburg from Compliance Tech on the hot topic of fair lending in the credit union industry. Ginsburg, who has been with Compliance Tech since 1998, shares her insights drawn from vast experience in studying fair lending, HMDA data, and CRA data, as well as working with lenders, regulatory agencies, and housing groups. She discusses the increased focus on fair lending by the National Credit Union Administration (NCUA), the importance of being proactive in monitoring fair lending, and strategies to address potential redlining issues and appraisal bias. Ginsburg also discusses tools available for credit unions to manage these tasks, including an ebook and other informative resources on Compliance Tech's website.00:00 Introduction and Guest Background01:23 Current Landscape in Fair Lending01:50 Fair Lending Examination Program02:18 Fair Lending in the Credit Union Landscape03:46 Fair Lending and Regulatory Agencies06:00 Proactive Steps for Fair Lending Monitoring06:32 Understanding Your Data07:50 Fair Lending Examination and HMDA Data11:11 Fair Lending and Auto Lending15:38 Appraisal Bias and Redlining27:03 Future of Fair Lending30:05 Conclusion and Final Thoughts