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Today’s topic: How to Pass the NCUA Tech Audit (Without Losing Your Mind)

The guest is Mike Robins, COO at Dynamic Edge, a company that’s helped many credit unions - particularly ones with assets between $25 million and $400 million - successfully navigate the NCUA Tech Audit which occurs “periodically,” according to the agency.

Hear what’s involved in the audit, how to pass it and - crucially - how to prepare for it.

Robin’s key point: prepare and you won’t lose your mind.

Interesting, too, is that NCUA provides cheat sheets for the Tech Audit on its website. Robins tells where to find them and how to use them.

He also tells if the auditors are in fact following the cheat sheets.

Listen up.

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Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

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On today’s show is Paul Dionne, chief strategy officer at Quantum Governance, L3C.

What’s an L3C? Good question: It’s a low profit limited liability company and, in the case of Quantum Governance, that means it “help[s] nonprofits, credit unions, associations and foundations realize the full potential of their missions.”

The company’s work with credit unions revolves around governance - especially issues involving the board and organizational leadership - and strategic planning.

That’s why a key focus of this discussion is a credit union board’s fiduciary responsibility especially in the case of a merger. When a merger is on the table, a board member’s responsibility is to make decisions that are in the best interest of the membership, said Dionne.

What’s that mean? How can a board member go off course?

In the show Dionne, who worked at Filene before joining Quantum Governance, tells the good, the bad and the ugly.

Listen up.

Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com

And like this podcast on whatever service you use to stream it. That matters.

Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

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Is this the twilight of the golden age of credit unions? On the show to discuss exactly that question is Jim Blaine, the now retired longtime CEO of SECU, the second biggest credit union in the country. Blaine may be retired but he still has opinions about credit unions, as evidenced in his blog, SECU - Just Asking!

In this podcast Blaine also digs deep into the question: what exactly is a credit union? We also talk about democracy in credit unions and often the lack thereof.

Recently Blaine has been sparring with his old employer with the flash point being the institution’s new leadership’s desire to move to risk based pricing for loans. Blaine is against that and successfully resisted it in his years as SECU’s CEO.

Blaine, definitely, is opinionated. But he also is - undeniably - a credit union champion. What he says may make you mad - it definitely made various NCUA employees mad. But listen up because Blaine, very clearly, articulates a philosophy about credit unions that he didn’t just spout, he lived in building SECU into a US credit union powerhouse.

Listen up.

Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com

And like this podcast on whatever service you use to stream it. That matters.

Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto