1. Nebraska Credit Union League
NEBRASKA DEPARTMENT OF BANKING AND FINANCE
Nebraska Credit Union League

2. State Vision
Grow Nebraska

3. State of Nebraska Mission
To Create Opportunity Through More Efficient and Effective, Customer-Focused State Government

4. Department of Banking and Finance Vision
To Make Nebraska the Most Trusted Financial Home for People and Businesses

5. Department of Banking and Finance Mission
To Maintain the Public Confidence in the Financial Industries of the State of Nebraska

6. LB 375 Passed on Final Reading 47-0-2 May 8, 2017
Updated Definition of:
Financial Institution and Fixed Asset
Updated CU Application Process
Supervisory Committee Responsibilities
Jointly Owned Property & Asset Purchases
Joint Account Establishment

7. Kelly Lammers Ask for Patrina, Kent or Kelly
NDBF CONTACT information
Ask for Patrina, Kent or Kelly

8. ndbf.Nebraska.gov

9. Exam Turnaround NRS: 21-1736(2) – Examinations
(2) The department shall forward a report of the examination to the chairperson of the board of directors within ninety calendar days after completion.
2017 Target = 30 days or less
Past year majority of exams returned in less than 20 days

10. 18 Month Exam Cycle NRS: 21-1736(1) – Examinations
(1) The director shall examine or cause to be examined each credit union as often as deemed necessary.
18 month exam cycle is working
anticipate no NDBF change

11. Camel(s)- Sensitivity to Market Risk
Sixteen States- rating S
L and S rating different in two exams
Information to assist your managers
Liquidity – availability to funding
Sensitivity – matching of funding

12. Loan Officers License- NRS – 21-1770 Legislative Change
Opt Out Provision – August 2017
Opt Out Removes the NDBF Background Review
Also Removes the Application Process
Annual Renewal

13. Patrina Herring
Small Credit Union Examination Program

14. What is the Small Credit Union Examination Program?
Improved Efficiency of Department Resources
Streamline Examination Process
Defined Scope

15. Why Is NDBF Making these Changes?
Modernize the examination process
Improve Transparency
Recognize One Size Does Not Fit All for Small Credit Unions

16. Who is Eligible for the Small Credit Union Examination Program?
Total Assets < $50 Million
Prior Composite Rating of 1 or 2

17. How Does the New Exam Differ from a Traditional Exam?
Time Spent Onsite by the Exam Team
Define Scope in the following areas;
Lending
Recordkeeping
Internal Controls
Internal Audit Function

18. What is the Same?
Examination Time Commensurate with Credit Union Size, Structure and Risk Profile.
Emphasis on improved communication with management
Focus on issues and risks relevant to the credit union
Customized examination reports
Additional supervision where appropriate

19. Nebraska Credit Unions
Questions?
Phone #
ndbf.Nebraska.gov
Patrina / Kent / Kelly or Mark