Breakout Session 5

David Reed

Reading the Examination Tea Leaves – 5 Ideas to Improve Your Regulatory Examination
David Reed, Esq., Reed & Jolly, PLLC, Oakton, Virginia

The concerted focus on regulatory compliance and continued pressure on the share insurance fund requires every credit union to prepare for more regulatory scrutiny than ever. Fortunately, it is an open book exam! With smart preparation, more scrutiny doesn't have to mean more time spent on compliance. David Reed cuts through the “regulatory speak” and shows how concentrated preparation around key regulatory and operational issues can put examiners at ease and benefit the Credit Union. 

Knowledge Level: Basic
No Prerequisites or advanced preparation required
Field of Study: Regulatory Ethics

About David Reed

Attorney, author, consultant and nationally recognized speaker, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC.  Through Reed and Jolly, Mr. Reed provides guidance to credit unions concerning a variety of matters including the establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance.  In addition to his legal expertise, Mr. Reed is Chairman of a Supervisory Committee and a 20 year League and Chapter volunteer.  His engaging speaking style has garnered him status as a regular lecturer nationwide on topics such as regulatory compliance, examination planning, consumer lending, bankruptcy and collections.  He offers facilitation services and a full range of on-site training programs that can be delivered to the Board, executive team, managers or frontline staff.  

A former trial attorney and Vice President and General Counsel of a large credit union, Mr. Reed is particularly noted as an expert in the areas of credit union operations, governance, bankruptcy and collections.  He has been selected to train federal and state field examination staff on numerous issues including BSA, ID Theft Red Flags, S.A.F.E Act, Third Party Contract Management and Bankruptcy.  He also serves as editor of several industry manuals.

Mr. Reed received his undergraduate degree from Virginia Tech in 1986 and his Juris Doctorate from George Mason University School of Law in 1989.   He is also a Certified Compliance Officer and resides in Fairfax, Virginia with his wife Diane. 

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