WFC Classic: Did You Agree to That?
Summary
Mark Treichel explains the importance of "agreed upon corrective actions" in NCUA exams, highlighting a case where a credit union received a final report without prior discussion. He advises listeners to push back if due process is skipped, especially during year-end rushes, to ensure findings are truly agreed upon. Treichel emphasizes using dialogue and appeal processes to secure accurate, fair language that serves the credit union and its members.
Topics discussed
Introduction and sponsor message
Defining 'Agreed Upon Corrective Action'
Case study: Small credit union exam experience
Year-end pressures and lack of draft review
Supervisory review impact on CAMEL codes
Negotiating language in final reports
Informal appeals and due process rights
Strategies for effective examiner dialogue
Outro and subscription reminder
Listen ad-free on Castria