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NCUA: Concentration Risk Supervisory Letter to Credit Unions
Manage episode 394291348 series 3543943
Το περιεχόμενο παρέχεται από το Credit Union Exam Solutions by Mark Treichel and Credit Union Exam Solutions Inc.. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Credit Union Exam Solutions by Mark Treichel and Credit Union Exam Solutions Inc. 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.
Understanding NCUA's Letter on Concentration Risk in Credit Unions
In this episode of Samantha Shares, we review the National Credit Union Administration (NCUA)'s Letter to Credit Unions on Concentration Risk. The letter carries a detailed overview of what concentration risk implies and its significance in the management of credit unions. It offers a description of management's fiduciary responsibilities including identifying, managing, monitoring, and controlling concentration risk. The letter further discusses how poorly managed concentration risks in real estate loans have led to significant losses and elevated credit union failures. The episode explores various forms and sources of concentration risks that credit unions should pay attention to, strategies for identifying and measuring those risks, and how to develop a risk management policy. To this end, management is expected to ensure accurate reporting on concentration risks and must be prepared to undertake corrective action when risk limits are breached. The episode ends with an outline of possible steps needed to mitigate identified elevated concentration risks. The episode is sponsored by Credit Union Exam Solutions Incorporated.
00:00 Introduction and Sponsorship
00:52 Understanding Concentration Risk
02:55 Types of Concentration Risk
05:19 Largest Exposures in Credit Unions
07:09 Identifying and Measuring Concentration Risk
12:04 Managing Concentration Risk
15:51 Monitoring and Controlling Concentration Risk
19:33 Examiner's Review Procedures for Concentration Risk
22:37 Actions When Elevated Concentration Risk is Identified
24:31 Conclusion and Contact Information
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