Off the Record, On the Issues with John

ViClarity Succession Planning Workshop and DakCU's comments to America's Credit Unions. 

By John Alexander, DakCU Director of Legislative & Regulatory Affairs

Summary of DakCU’s Comments to America’s Credit Unions
On June 25, 2025, DakCU submitted comments on the NCUA’s Succession Planning (RIN 3133–AF42) and Share Insurance Simplification (RIN 3133–AF53) rules.

For succession planning, we noted the value of leadership continuity but expressed concern that a uniform, prescriptive mandate could overburden smaller credit unions with effective, tailored plans already in place. We recommend replacing the mandatory rule with flexible, risk-based guidance aligned to each institution’s size and governance structure.

On share insurance simplification, we welcomed clearer member coverage but cautioned that collapsing long-standing categories may cause confusion, operational costs, and potential protection gaps. We have urged detailed implementation guidance and a delayed effective date to allow sufficient time for system updates and member communication.

The letter is fully published here if you wish to read it.

ND GAC: LaMoure Credit Union PAC Scramble
ND GAC: LaMoure Credit Union PAC Scramble takes place on Thursday, September 18, at Memorial Park Country Club in LaMoure, ND. Please contact John Alexander with any questions. Your support will help advance our advocacy efforts towards a more favorable legislative and regulatory environment for credit unions.  Registration is open now. Find out more or register here. 

Building Leadership Resilience: A Step-by-Step Succession Planning Workshop
September 24, 2025 | 1:00 PM CST

Leadership continuity is a vital component of credit union resilience. With the NCUA’s succession planning rule going into effect January 1, 2026, federally insured credit unions must adopt and maintain a formal succession plan covering key leadership positions. 

This focused town hall workshop will provide practical, step-by-step guidance on building a compliant plan, assessing leadership gaps, preparing for both emergency and planned transitions, and aligning succession with your credit union's long-term strategy. Join us for this session and leave with actionable tools to strengthen your governance and exam-readiness, because strong leadership keeps your mission moving forward even through change. Register here!

The Dakota Credit Union Association’s dues-supported compliance solution –  ViClarity – is a world leader in credit union compliance. To access materials, you will need to log in with your username and password. If you have questions about establishing your members-only account with ViClarity, click here for detailed instructions or contact John Alexander in the DakCU office.

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