NCUA Releases Letter to Credit Unions – Exam Initiatives
Friday, August 10, 2018 8:55 AM

The NCUA has several initiatives in process to improve and modernize how the agency conducts examinations and supervision. The goals of these initiatives are to replace outdated, end-of-life examination systems, streamline processes, adopt enhanced examination techniques, and leverage new technology and data to maintain high quality supervision of insured credit unions with less onsite presence. The purpose of this letter is to provide more information on these ongoing initiatives.  Read the Letter to Credit Unions here.

Source:  NCUA