Webinar: NCUA Response to COVID

on "January 12, 2021 1:23 pm"

NCUA added to its supervisory priorities mid-year pandemic-specific reviews and the FFIEC issued guidance on examining for COVID-19 risks.

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NCUA Response to COVID Webinar
Tuesday, January 19, 2021 • 6:00 am - 7:00 am HST (OnDemand playback is included)
Register Now

The COVID-19 pandemic created multiple challenges for the financial industry. As banks and credit unions struggled to stay open and help consumers, regulators realized concessions needed to made. NCUA added to its supervisory priorities mid-year pandemic-specific reviews and the FFIEC issued guidance on examining for COVID-19 risks. How is your credit union managing operational risk? How should CUs conduct ongoing risk assessments for the impact of the pandemic? Is your business continuity plan sufficient and adapting to changing risks?

Due to the unexpected nature of 2020's remote exams, there were many challenges. But there was much to be learned. The groundwork has been laid for continuing offsite exams as we move beyond COVID-19. Are you ready?

Covered Topics

  • Interagency guidance for assessing safety and soundness
  • NCUA approach to offsite exams
  • Management response
  • Loan accommodations
  • Risk management
  • Examiner expectations
  • Benefits and drawbacks of remote exams

Who Should Attend?

Anyone involved in the exam process -- credit union boards, management, compliance officers

About the Presenter

Gaye DeCesare joined CU Service Network as Vice President of Compliance in April 2017, with the company's acquisition of COMPASS 4 CUs. She had served as the President/CEO of that organization since its inception in 2010. Prior to that, she held positions with Belvoir Federal Credit Union (2005-2015) and State Department Federal Credit Union (1984-2005).

Specializing primarily in compliance for more than 25 years, she served on the NAFCU Compliance Standards and Practices Commission that developed the NCCO certification program and is a founding member of both the Capital Area Compliance Roundtable and regional BSA Compliance Roundtable. Gaye is also a current member of Global Women's Leadership Network (GWLN), which connects and empowers credit union women from around the world.

Gaye was among the first in the nation to earn the designations of NAFCU Certified Compliance Officer (NCCO) and CUNA Credit Union Compliance Expert (CUCE) when the programs were introduced in 1997 and 2000, respectively. In addition to holding NCCO and CUCE designations, she is also a certified Bank Secrecy Act Compliance Specialist (BSACS).

Gaye is a nationally-known speaker, having presented to credit union organizations at the federal, state, and local levels.