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The Exam Flexibility Initiative, NCUA's exam modernization working group has been considering all aspects of the supervisory process, including the length and scope of examination, coordination with state regulators, information sharing and data security, and other issues. The NCUA long-term goal is to innovatively rework the way the exam process is executed.
CUNA continues to work with the NCUA on modernizing the examination process, including movement toward a virtual and continuous oversight model, which should result in a reduced examination burden for credit unions. While examination complaints are declining, credit unions continue to voice concerns that both the appeals process and training for examiners are inadequate and should be addressed by NCUA.
The NCUA has adopted an extended exam cycle and is currently testing virtual exams and overhauling the Call Report Process.
CUNA Advocacy | Oct 26, 2017
Lance Noggle Senior Director of Advocacy & CounselLNoggle@cuna.coop
Monique Michel Senior Director of Advocacy & CounselMMichel@cuna.coop