Regulators to provide input to exam flexibility working group
June 24, 2016 -- Representing their respective NCUA regions, five state regulators will provide input to the internal working group for NCUA’s "Exam Cycle/Exam Flexibility Initiative," which was announced by Chairman Rick Metsger last month.
The SSAs are: Kim Santos, Director, Wisconsin Office of Credit Unions (Region I); Robert Rutkowski, Deputy Superintendent for Credit Unions, Ohio Division of Financial Institutions (Region II); Sarah H. Moore, Administrator, Alabama Credit Union Administration (Region III); Robert Etheridge, Deputy Commissioner, Texas Credit Union Department (Region IV), and; Mary Hughes, Financial Institutions Bureau Chief, Idaho Department of Finance (Region V). Industry groups made up of state-chartered CUs and FCUs have also been formed by the agency. NCUA Region IV Director C. Keith Morton is spearheading the project for NCUA.
Meanwhile, the agency this week announced an extension to Aug. 15 of its due date for comments on what areas of the 5300 call report and 4501A profile forms prove challenging and should be made optional for smaller credit unions. The call report comment period is part of NCUA Chairman Metsger’s initiative to modernize the examination and supervision program.