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 (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).

NCUA Exam Flexibility Initiative
Press release on Exam Flex Initiative