An Overview of the NCUA's New Succession Planning Rule

On December 17, 2024, the NCUA Board approved a final rule on the topic of “Succession Planning.” This new rule requires credit unions to implement a formal succession planning process to support the long-term success of the credit union. While this has historically been considered a resilience function as part of the Business Continuity Process, this new rule positions succession planning as a topic of strategic importance for the credit union industry, as a whole.

Join us for this webinar on February 20, 2025 at 2:00 PM (CT) as we review the new rule and discuss how the requirements may affect your credit union’s succession planning processes.

In this session, you will learn:

• What sets this rule apart from current succession planning requirements.
• How to create a succession plan that is both compliant and useful.
• Best practices for documenting and managing your order of succession.
• The Tandem features and updates designed to help you build your succession plan.

Meet the Presenter

Alyssa Pugh, GRC Content Manager, Tandem

Meet Alyssa, a content creator with a passion for helping people navigate the challenges of governance, risk management, and compliance (GRF). She has more than ten years of professional technical and information security experience. She currently serves as the GRC Content Manager for Tandem, where she participates in the development of cybersecurity content and educational resources. In addition to her passion for technology, Alyssa is also a wife, graphic designer, and video game enthusiast.