Removing Barriers Blog

CUNA Writes to NCUA Urging for Extended Exam Cycle
Posted September 04, 2018 by CUNA Advocacy

CUNA CEO Jim Nussle sent a letter today to the NCUA Board, expressing hope that the agency will consider applying an extended examination cycle (from 12 to 18 months) for credit unions under $3 billion, given such relief has been afforded to banking organizations by the federal banking agencies.  

The recently enacted Economic Growth, Regulatory Relief, and Consumer Protection Act increased the threshold for which banks are eligible for 18 month examinations from $1 billion to $3 billion. CUNA supports NCUA’s efforts to modernize the examination process and urges the agency to consider the now-lower eligibility threshold for credit unions as a comparative disadvantage vis-à-vis community bank competitors.