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Project Management of Your NCUA Documents of Resolution (DOR)
Manage episode 437649518 series 3303439
Το περιεχόμενο παρέχεται από το Mark Treichel and Mark Treichel's Credit Union Exam Solutions. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Mark Treichel and Mark Treichel's Credit Union Exam Solutions ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
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: Project Management of Your NCUA Documents of Resolution (DOR)
Guest Speakers:
- Steve Farrar (Former NCUA examiner and central office staff)
- Todd Miller (Former NCUA examiner and director of special actions)
Key Topics Discussed:
1. Current trends in NCUA Documents of Resolution (DORs)
- Longer DORs with numerous action items
- Possible reasons: Merit system, examiner inexperience, post-COVID catch-up
2. Communication challenges between credit unions and NCUA examiners
- Importance of clear understanding and negotiation of DOR requirements
- Impact of quality assurance reviews on agreed-upon terms
3. Project management strategies for addressing DORs
- Establishing clear priorities and timelines
- Assigning accountability and resources
- Balancing reporting requirements with actual problem-solving
4. Cost implications of DOR requirements
- Examiners may not fully understand financial impact on credit unions
- Potential conflicts between profitability goals and compliance costs
5. Best practices for internal communication and reporting
- Transparency across management team and board
- Regular updates to board and supervisory committee
- Demonstrating commitment to corrective actions
6. Importance of finding the right balance in reporting
- Avoiding excessive time spent on reporting at the expense of problem-solving
- Using summary reports effectively
Key Takeaways:
- Effective communication with NCUA examiners is crucial for managing DORs
- Proper project management techniques can help credit unions address DOR items efficiently
- Credit unions should be aware of and communicate the cost implications of DOR requirements
- Regular, transparent reporting to internal stakeholders demonstrates commitment to improvement
- Balance detailed reporting with actual progress on corrective actions
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