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News Now

Washington
NCUA reallocates regional supervisory resources
ALEXANDRIA, Va. (1/7/09)--The National Credit Union Administration (NCUA) has reassigned the supervision and examination of Alaska and Nevada credit unions. Credit unions in Alaska and Nevada are currently assigned to NCUA's Region V, based in Tempe, Arizona. The Region V office now supervises credit unions based in a dozen western states, and some of those areas are experiencing some of the highest foreclosure rates in the country. The NCUA said the reassignment of two of those states to other regional offices allows the agency to reallocate its supervisory resources and adjust for workload imbalances. The change was effective Jan. 1. Under the new supervision scheme, Nevada credit unions are reassigned to the Region I office in Albany, N.Y., and Alaska credit unions are reassigned to the Region II office in Alexandria, Va. The NCUA said affected credit unions have been notified of call report processing and district examiner assignment changes. When asked if credit unions should expect further reassignments this year, an agency spokesman responded, “We will continue to closely monitor supervisory requirements and make decisions on an as-needed-basis. We are not making any projections at this time.”


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