ALEXANDRIA, Va. (5/10/12)--A new National Supervision Policy Manual for National Credit Union Administration (NCUA) examiners is scheduled to be finalized in June, the agency said today.
In releasing the new manual, the NCUA said it intends to ensure that credit unions are treated more consistently from region to region. The manual responds to the NCUA Board's direction to remove regional differences in quality control, and implements key recommendations from federally mandated Material Loss Reviews conducted by NCUA's Office of Inspector General, the agency added.
The Credit Union National Association (CUNA) and its Examination and Supervision Subcommittee plan to discuss the new exam manual with NCUA Director of Examinations and Insurance Larry Fazio.
Exam consistency was also emphasized in the recently completed National Training Conference. Training at that conference, which was held in Orlando, Fla., focused on bringing consistent approaches to interest rate risk, credit risk, and problem resolution at credit unions, the NCUA said. Veteran examiners at the conference shared best practices with newer examination hires, the agency added. Federally required training on ethics, diversity, and disability accommodations was also provided.
CUNA noted that while consistency can be positive, the goal is to have examiners treat credit union in a consistently professional manner, allowing the credit union to develop and implement its own solutions to address problems. CUNA will continue to advocate this to NCUA.
The NCUA said its decision to hold the training conference in Orlando, and not its home base of Alexandria, Va., resulted in significant savings. All funds that were spent on the Orlando training session went to training, the agency emphasized.
For an NCUA release, use the resource link.