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Unpack NCUA’s Revised 2020 Audit Priorities Before Your Next Exam

Sep 15 2:00 PM - Sep 15, 2020 3:30 PM
Sep 15, 2020 2:00 PM - 3:30 PM
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Don’t view your exam like an enemy invasion. View it like a visit from your in-laws. You want to show off your credit union, but you don’t want to leave them alone with the family silver.  Join us to understand NCUA’s updated audit priorities – before examiners arrive. 

Learning Objectives

  • Interpret the updated audit priorities
  • Understand the NCUA Exam Modernization Initiative
  • Preview the MERIT Examination System
  • Employ examination preparation strategies
  • Avoid common landmines
  • Inventory available examination resources

Financial institutions remain the most highly regulated industry in the world. Substantial changes in examination protocols and documentation are on the way. Of special note is NCUA’s unprecedented step of issuing an Updated Audit Priorities Letter to address the changing COVID landscape and its impact on the examination program.

Big or small, every credit union will undergo regular examinations. The NCUA exam modernization initiative is making significant changes to the examination experience.  Are you prepared? Fortunately, this is an open-book exam! A well-prepared credit union can reduce stress and increase the exam efficiency by telling your story effectively, rather than defending every operational decision and accounting entry from the dreaded “safety and soundness” attack. This webinar will help you understand and navigate the nature and scope of the exam and provide the best available strategies to present your business plan and mission to examiners.  



David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized speaker, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance.  His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.  

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Operations
  • Financial Education & Community Outreach
  • Executive Management
  • Board Governance