{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC","title":"NCUA's Proposed Rule on Succession Planning","html":"","width":"100%","height":180,"duration":1279,"description":"Anticipating the NCUA's Rule on Succession Planning\nThis podcast by Samantha Shares explores the National Credit Union Administration's (NCUA) proposed rule on Succession Planning. Considering the probability of the rule's approval by 2024 due to the current Democratic leadership, the episode dives into the proposal's contents, implications, and expected impact on both small and large credit unions. The rule makes it mandatory for Federal Credit Union boards to establish and adhere to succession planning for key positions. The anticipated benefits, potential drawbacks, and necessary compliance methods are also discussed. The episode concludes by emphasizing that this rule, while initially applicable to federal credit unions, aims to encourage and strengthen succession planning across all credit unions.\n00:00 Introduction and Sponsorship\n00:55 Overview of the Proposed Regulation on Succession Planning\n02:11 Importance of Succession Planning\n04:11 Increased Relevance of Succession Planning\n07:36 Legal Authority for the Proposed Rule\n09:15 Details of the Proposed Rule\n12:48 Current Succession Planning Efforts\n13:54 Minimizing Burden of the Proposed Rule\n16:47 Questions for Comment\n19:31 Regulatory Procedures\n22:29 Proposed Changes to Part 701\n24:07 Conclusion and Contact Information","thumbnail_url":"https://img.transistorcdn.com/DblKo84_Ha6-XOQnfj5k1wmxCkQHeB53BeeKc2eI7dM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ4MTk5LzE3MDM4/NTQxOTktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}