WASHINGTON (12/14/13)--The Credit Union National Association will let neither rain nor snow nor holiday dishes nor the late timing of a credit union's 2013 state or federal regulatory examination stand in the way of a credit union's desire to participate in the latest survey on experiences and impressions of the examination process. CUNA and the state credit union associations have extended the deadline for completion to Jan. 10.
"We are responding to credit union requests by pushing the deadline into the new year," said CUNA Chief Economist Bill Hampel Tuesday. "Credit unions want to tell their examinations stories via our survey, but some have not yet had their 2013 visit from examiners. They want to include their most recent experience in their survey responses--and that is information CUNA finds worth waiting for." Credit union responses may be completely anonymous.
Hampel said the survey--CUNA's second on the examination topic--has already generated a lot of attention from credit unions--but not yet the more-than 1,500 responses drawn by the last survey. "We want to hear from as many credit unions as possible to assure our ongoing advocacy efforts on behalf of credit unions are fully informed with the latest information. The more responses we receive from each state, the more useful the results will be."
The survey addresses such topics as:
*The length of on-site exam;
* How satisfied the credit union was with the exam and results; and,
* What problem areas, if any, were noted by the examiner.
It includes a series of questions to gauge how the credit union felt about the examiner's performance and the exam process, and asks what are the biggest issues credit unions would like CUNA and their leagues to focus on to reduce regulatory compliance burdens.
And, for the first time, CUNA has provided a section--optional, of course--through which credit unions can identify and rate individual examiners.
Use the resource link to access the CUNA survey and remember to participate by Jan. 10.