{"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 PlanningThis 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.00:00 Introduction and Sponsorship00:55 Overview of the Proposed Regulation on Succession Planning02:11 Importance of Succession Planning04:11 Increased Relevance of Succession Planning07:36 Legal Authority for the Proposed Rule09:15 Details of the Proposed Rule12:48 Current Succession Planning Efforts13:54 Minimizing Burden of the Proposed Rule16:47 Questions for Comment19:31 Regulatory Procedures22:29 Proposed Changes to Part 70124:07 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}