Episode Details

www.marktreichel.com

https://www.linkedin.com/in/mark-treichel/

https://www.linkedin.com/in/mark-treichel/

https://www.marktreichel.com/podcast

2024 September NCUA Board Meeting: Simplifying Share Insurance

This episode of the podcast covers the NCUA's September 2024 Board Meeting, focusing on the implementation of a final rule to simplify share insurance coverage. Key highlights include the merger of revocable and irrevocable trust accounts into a single category, changes to mortgage servicing account coverage, and the rationale behind not providing legacy coverage for existing accounts.

 Introduction
 Simplification of Insurance Rules
 Presentation of the Final Rule
 Details of the Final Rule
 Changes to Trust Accounts
 Effects on Members and Credit Unions
 Mortgage Servicing Accounts
 Record Keeping Requirements
 Closing Remarks
 Conclusion

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 achieves 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.