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NCUA May Return to 18-Month Exam Cycle
Tuesday, November 24, 2015 6:45 AM

National Credit Union Administration Chair Debbie Matz, during open board meeting discussion of the agency's 2016-2017 annual performance plan, indicated that the federal regulator may return to an 18-month examination cycle in the future.

The elongated schedule would be allowed only for well-performing credit unions. Matz noted that even a one-year delay would allow some of the agency's regulatory relief programs to take effect, and would give the agency time to make necessary technology upgrades. But the change would not be coming in 2016.

The NCUA had previously adopted a one-year exam cycle in response to the country's economic upheaval caused by the mortgage market meltdown that started in earnest in 2007. 

CUNA President/CEO Jim Nussle said, "We were very pleased to hear Chairman Matz say what we have been urging in meetings and our comment letter: that the agency should use efficiencies and analytics to reduce the examination frequency for well-managed credit unions."

The NCUA's two-year performance plan, adopted by the board, designates the following performance goals as priorities:

  • Implement a robust supervision framework for finalized financial reform regulations, including interest rate risk, liquidity and contingency funding plans, derivative authority, and capital planning and stress testing;
  • Issue industry guidance related to emerging cybersecurity risks and related threats;
  • Monitor issues or trends in consumer complaints to develop and promote financial literacy education and consumer protection programs;
  • Develop and communicate guidance to credit unions to explain regulatory changes and best practices;
  • Increase women and minority representation at all levels at NCUA, particularly within the management ranks; and
  • Strengthen security programs and security-related communications.