Credit Risk Is Priority One
Manage episode 440721741 series 3303439
Set up a call:
https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10
Check out our website:
https://calendly.com/cuexamsolutions/talk-to-mark-about-any-exam-topic?month=2024-10
Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!
We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.
Hire us and gain:
• Peace of mind during your exam process
• Insider knowledge of NCUA procedures and expectations
• Strategies to address potential issues before they become problems
• Continuous access to our extensive subject matter expertise
With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union passers its exam with flying colors in its next examination.
Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
Title: Credit Risk - NCUA's Top Exam Priority for 2024
Key Points:
- Credit risk is NCUA's #1 exam priority for 2024
- Economic conditions are changing the credit risk environment
- Trends show weakening credit quality and increasing delinquencies
- Consumers have fallen behind inflation for over 2 years
- NCUA is directing credit unions back to credit risk management fundamentals
- Examiners will review lending programs, risk management practices, loan modifications, collections, and allowance for credit losses
Guests:
- Steve Farrar - Former NCUA problem case officer and VP of Central Liquidity Facility
- Todd Miller - Former NCUA examiner, capital markets specialist, and director of special actions
Additional Notes:
- Episode discusses NCUA's 2024 Letter to Credit Unions on exam priorities
- Compares credit risk priority to previous years
- Analyzes economic factors impacting credit risk like inflation, income growth, unemployment
- Mentions potential issues in commercial real estate
- Discusses implementation of CECL accounting standard
- Notes NCUA's focus on concentration risk justification
The show notes summarize the key points and guests from the episode while avoiding any direct quotes or reproduction of copyrighted material.
220 Episoden