The NAFCU Journal November-December 2019 - 31

''

Credit unions should understand that NCUA's priorities
aren't created in a vacuum. Credit unions should also
understand that NCUA has broad examination authority,
so they can go beyond those priorities if they believe a
credit union's situation warrants it, based on past exam
results or potentially higher risk in a particular area.
- BRANDY BRUYERE, VICE PRESIDENT OF REGULATORY COMPLIANCE, NAFCU

Another area of concern for Bruyere is
the state of NCUA's online resources
intended to inform and support credit
unions throughout the examination process. "Some documents in the examiner's
guide haven't been updated in years,"
she says. "Some documents are onlineonly, some are available as PDFs. We
have seen some cases where NCUA has
updated parts of their manual that aren't
publicly available."
The NCUA in recent years began an
exam modernization initiative, which
is still being developed. The agency
recommends subscribing to NCUA
Express (http://forms.aweber.com/
form/05/236293205.htm) for real-time
updates and important messages directly
from the agency. Also, the agency
says, "The Regulatory and Compliance
Resources page of our NCUA.gov website

is updated regularly and can provide
useful information."

A Compliance Culture

Bruyere acknowledges it's true that
"the exam process can effectively assess
and encourage compliance," but that
compliance should not be considered
something to be addressed only during
exam preparation and follow-up. "A wellrun credit union will ... constantly [be]
monitoring." This is significant because,
she notes, "there are plenty of laws organizations need to follow that may not come
up in an examination."
Because compliance should be a critical
part of daily operations, Wanamaker
believes it's important for CEOs and others
in leadership to share compliance information with staff regularly. Compliance must
be kept front-of-mind if it's to become
an integral part of a credit union's culture.

THE NAFCU JOURNAL  NOVEMBER-DECEMBER 2019

''

"Staff should know that we're not taking all
of these steps just for the heck of it and that
compliance isn't something only the big
guys have to worry about," she says. "How
you handle compliance can impact the
success of any credit union."
John Fairbanks, public affairs specialist for
NCUA, says the NCUA understands that,
ultimately, every credit union is working toward success for its members and
its community - and that's what every
NCUA exam is meant to assess. "NCUA's
goal during the examination process is to
ensure every credit union is operated safely
and soundly," Fairbanks says. "This doesn't
mean credit unions can't take risks. It does
mean that we expect management to be
aware of and to manage those risks."
Robert Bittner is a Michigan-based freelance journalist and a frequent contributor
to The NAFCU Journal.
31


http://forms.aweber.com/form/05/236293205.htm http://forms.aweber.com/form/05/236293205.htm http://www.NCUA.gov

The NAFCU Journal November-December 2019

Table of Contents for the Digital Edition of The NAFCU Journal November-December 2019

The NAFCU Journal November-December 2019
Contents
Conferences
From the Chair
Washington and Industry Briefs
The Bottom Line
Welcome, New Members
Leading the Charge
Test for Success
Test for Success
Executive Spotlight
Management Insight
Compliance Central
Inside NAFCU Services
From the President’s Desk
The NAFCU Journal November-December 2019 - The NAFCU Journal November-December 2019
The NAFCU Journal November-December 2019 - Cover2
The NAFCU Journal November-December 2019 - Contents
The NAFCU Journal November-December 2019 - 2
The NAFCU Journal November-December 2019 - Conferences
The NAFCU Journal November-December 2019 - From the Chair
The NAFCU Journal November-December 2019 - 5
The NAFCU Journal November-December 2019 - Washington and Industry Briefs
The NAFCU Journal November-December 2019 - 7
The NAFCU Journal November-December 2019 - The Bottom Line
The NAFCU Journal November-December 2019 - 9
The NAFCU Journal November-December 2019 - 10
The NAFCU Journal November-December 2019 - 11
The NAFCU Journal November-December 2019 - 12
The NAFCU Journal November-December 2019 - Welcome, New Members
The NAFCU Journal November-December 2019 - 14
The NAFCU Journal November-December 2019 - 15
The NAFCU Journal November-December 2019 - 16
The NAFCU Journal November-December 2019 - 17
The NAFCU Journal November-December 2019 - Leading the Charge
The NAFCU Journal November-December 2019 - 19
The NAFCU Journal November-December 2019 - 20
The NAFCU Journal November-December 2019 - 21
The NAFCU Journal November-December 2019 - 22
The NAFCU Journal November-December 2019 - 23
The NAFCU Journal November-December 2019 - 24
The NAFCU Journal November-December 2019 - 25
The NAFCU Journal November-December 2019 - Test for Success
The NAFCU Journal November-December 2019 - 27
The NAFCU Journal November-December 2019 - 28
The NAFCU Journal November-December 2019 - 29
The NAFCU Journal November-December 2019 - 30
The NAFCU Journal November-December 2019 - 31
The NAFCU Journal November-December 2019 - Test for Success
The NAFCU Journal November-December 2019 - 33
The NAFCU Journal November-December 2019 - 34
The NAFCU Journal November-December 2019 - 35
The NAFCU Journal November-December 2019 - 36
The NAFCU Journal November-December 2019 - 37
The NAFCU Journal November-December 2019 - 38
The NAFCU Journal November-December 2019 - 39
The NAFCU Journal November-December 2019 - Executive Spotlight
The NAFCU Journal November-December 2019 - 41
The NAFCU Journal November-December 2019 - Management Insight
The NAFCU Journal November-December 2019 - 43
The NAFCU Journal November-December 2019 - Compliance Central
The NAFCU Journal November-December 2019 - 45
The NAFCU Journal November-December 2019 - Inside NAFCU Services
The NAFCU Journal November-December 2019 - 47
The NAFCU Journal November-December 2019 - From the President’s Desk
The NAFCU Journal November-December 2019 - Cover3
The NAFCU Journal November-December 2019 - Cover4
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