Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

NCUA Examination Priorities for 2024 and Guidance for Credit Unions

In this podcast, Samantha Shares discusses the National Credit Union Administration's (NCUA) examination priorities for 2024 as part of a letter to credit unions. The letter outlines multiple areas of focus, including credit risk, liquidity risk, consumer financial protection, information security, interest rate risk, and bank secrecy act compliance among others. The discussion addresses the evolving economic circumstances including rising interest rates, growing financial strain, and potential threats to the Share Insurance Fund. Additionally, the podcast highlights perspectives on supporting small credit unions and minority depository institutions, as well as tips for credit union examination success and managing risk effectively.

00:00 Introduction and Sponsorship
00:48 NCUA's Examination Priorities for 2024
02:43 Supervisory Priorities for 2024
02:46 Credit Risk
04:56 Liquidity Risk
07:28 Consumer Financial Protection
08:58 Information Security (Cybersecurity)
11:26 Interest Rate Risk (IRR)
12:41 Other Updates and Bank Secrecy Act (BSA) Compliance
13:48 Support for Small Credit Unions and Minority Depository Institutions
15:13 Conclusion and Contact Information

What is Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC?

This podcast provides you the ability to listen to new regulatory guidance issued by the National Credit Union Administration, and occasionally the F D I C, the O C C, the F F I E C, or the C F P B. We will focus on new and material agency guidance, and historically important and still active guidance from past years that NCUA cites in examinations or conversations. This podcast is educational only and is not legal advice. We are sponsored by Credit Union Exam Solutions Incorporated. We also have another podcast called With Flying Colors where we provide tips for achieving success with the N C U A examination process and discuss hot topics that impact your credit union.