NAFCU NCUA exam resources now available
Examinations are among the NCUA's priorities for this year. NAFCU takes seriously its reputation for providing the best federal compliance assistance to credit unions, and as a result has launched myriad resources to ensure credit unions are fully prepared for these exams.
NAFCU members can contact NAFCU's compliance team directly (find contact information here) with any compliance question. The team responds to inquiries within one business day.
The NAFCU Compliance Blog – which publishes three times a week – tackles a number of exam-related issues including the Automated Cybersecurity Examination Toolbox (ACET), which the NCUA has identified it will use to evaluate the cybersecurity risk of all credit unions with more than $250 million in assets by Dec. 31, 2023. The most recent blog post covers the NCUA examining for liquidity risk (read more here).
NAFCU also has an Exam Fairness Guide available for download that walks through exam basics such as the goals of an NCUA exam, risk-focused versus defined-scope exams, frequency of exams and extended exam cycles. The guide also has helpful tips for navigating exam challenges, the appeals process and achieving fair exam outcomes.
The first day of the association's Regulatory Compliance Seminar is comprised of a number of sessions focused on examinations, including fair lending exam procedures, cybersecurity, NCUA exam modernization efforts and interacting with NCUA examiners. Learn more about the seminar and register for it here; save $200 off registration with the code SEM19SAVINGS through Aug. 2.
NAFCU continues to recommend that the NCUA expand eligibility for an extended 18-month exam cycle for all well-run, low-risk credit unions in order to reduce burdens and decrease the NCUA's operating budget. The association has also urged the NCUA to reconsider its approach to supervision and also better coordinate resources and expertise with other regulators, including state supervisory authorities.
CFPB , Consumer Lending Examination & Enforcement
Add to Calendar 2020-06-30 00:01:00 2020-06-30 00:01:00 Preparing for the NAFCU Certified Bank Secrecy Officer (NCBSO) Designation NAFCU's Certified Bank Secrecy Officer (NCBSO) designation can only be obtained during NAFCU's Virtual BSA School. It's the ideal achievement for people like you who protect your credit union against money laundering threats. It also demonstrates to NCUA and FinCEN that you are dedicated to BSA compliance. Don't miss this opportunity to learn more about the NCBSO designation, its benefits andbest practices for exam prep. Join NAFCU’s Senior Regulatory Affairs Counsel Kaley Schafer for this short webcast on how best to prepare for the NAFCU Certified Bank Secrecy Officer designation. PROGRAM UNDERWRITTEN BY Key Takeaways Learn and review best practices to prepare for the NCBSO exam Explore the best use of study materials Learn about the study sessions Discover how to maximize your study time Register Now For On-Demand AccessRegistration is complimentary, but you must register to attend.One registration gives your entire credit union access to the on-demand recording until June 30, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? BSA, AML, risk, auditing, legal, and operations staff Executive Management Credit Union Counsel Education Credits This webinar doesn't qualify for any continuing education credits recognized by NAFCU or NASBA. CPA Certification Credit Information Reviewer: Josie Collins, Education Manager, NAFCU Learning Objectives: Learn and review best practices to prepare for the NCBSO exam. Explore the best use of study materials. Learn about the study sessions. Discover how to maximize your study time. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Specialized Knowledge - Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU email@example.com America/New_York public
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