Agency seeks input on exam process

May 26, 2016 -- NCUA today unveiled tools for stakeholders to provide input on the agency's exam process, with NCUA Board Chairman Rick Metsger saying he is looking forward to a “thoughtful dialog” on the subject.

Dubbing his effort the “Exam Flexibility Initiative,” Metsger, in a release, unveiled an email box and a website outlining the initiative. He stated the agency is looking for input on five broad questions:

• How can NCUA conduct future examinations in ways that minimize their impact on credit unions’ operations?
• What concerns do credit unions have about the current examination and supervision program?
• What steps should NCUA take to improve the efficiency of its examination program while ensuring it remains effective?
• How can NCUA better use technology in examinations?
• What metrics should NCUA consider to determine a credit union’s eligibility for an extended examination cycle?

The email box for stakeholders to provide comments is ExamFlexibility@ncua.gov (see the website link below).NASCUS President and CEO Lucy Ito urged state regulators and credit unions to offer their comments (and share them with NASCUS).

LINKS:
NCUA Exam Flexibility Initiative
Press release on Exam Flex Initiative