Matz: New Office of National Examinations and Supervision Coming in 2013

“One-size-fits-all supervision is simply no longer appropriate in a credit union industry with nearly 100 million members and more than $1 trillion in assets,” said Matz. “Supervising a $10 million credit union the same as a $10 billion credit union doesn’t make sense. As we all know, larger risks have wider consequences. So, we are reorganizing our existing resources to create an Office of National Examinations and Supervision to enhance oversight of the nation’s largest consumer credit unions—those with more than $10 billion in assets—and also assume supervision of corporate credit unions.”... Read More At .. www.ncua.gov/News/Pages/NW20120726MatzNAFCU.aspx