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Conservatorship: When NCUA Removes the Board & What You Need to Know
Manage episode 426558556 series 3303439
Sisällön tarjoaa Mark Treichel and Mark Treichel's Credit Union Exam Solutions. Mark Treichel and Mark Treichel's Credit Union Exam Solutions tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
NCUA has the authority to take what is called a conservatorship action, resulting in the credit union board of directors being removed. NCUA then wears 3 hats: insurer, regulator, and credit union operator - representing the interest of the members.
These are complicated and rare, but one happened last week, and a few happen every year. Steve, Todd, and I discuss everything you need to know about conservatorship.
https://www.linkedin.com/in/mark-treichel/
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