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NCUA Wants to Hear from CUs on Exams and Supervision
Friday, May 27, 2016 6:50 AM

NCUA Exam Flexibility Initiative Seeks Stakeholders’ Experiences and Ideas

Credit unions have an opportunity to assist the National Credit Union Administration in efforts to modernize the agency’s examination and supervision program. NCUA Board Chairman Rick Metsger has said he wants to make changes to the examination process “sooner rather than later.”

Metsger announced May 12 that NCUA would begin reviewing the examination process, including the frequency of examinations, through the establishment of an internal working group, which will include representatives from all five of the agency’s regional offices and its central office. Region IV Director Keith Morton, headquartered in Austin, Texas, is leading the effort.

As the first step in this initiative, NCUA is seeking input from credit unions like yours to further improve the agency’s examination and supervision program. The following questions are provided to help stimulate input and discussion: 

  • As a regulator, how can we conduct future credit union examinations in ways that minimize disruptive operational impacts during your credit union examination?
  • What concerns do you have with respect to the agency’s current examination and supervision program?
  • What actions should the NCUA consider to improve the efficiency of its examination program, while ensuring it remains effective? 
  • How can we better use technology to do our jobs?
  • What metrics should the agency consider in determining a credit union’s eligibility for a longer examination cycle?

Cornerstone Credit Union League encourages credit unions to send feedback to Suzanne Yashewski, SVP regulatory counsel, about the NCUA exam process and suggested changes at syashewski@cornerstoneleague.coop, or call 512-853-8516 or 800-713-4752, ext. 8516.

For more information, please visit the NCUA Newsroom.