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Proposed Succession Planning Rule: July NCUA Board Meeting
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Proposed Succession Planning Rule: July NCUA Board Meeting
This episode covers NCUA’s new proposed rule on Succession Planning discussed at the July 18th Board Meeting. The rule aims to improve the preparation and transition processes within credit unions by mandating formal written succession plans. The conversation includes insights from key staff and board members, and notes the rationale behind the proposal, as well as the expected benefits and concerns raised.
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