Metsger: We Want to Hear from Credit Unions on Examinations and Supervision

Metsger: We Want to Hear from Credit Unions on Examinations and Supervision

NCUA Exam Flexibility Initiative Seeks Stakeholders’ Experiences and Ideas
ALEXANDRIA, Va. (May 26, 2016) – Credit unions have an opportunity to assist the National Credit Union Administration in efforts to modernize the agency’s examination and supervision program.
NCUA has begun a multi-pronged outreach effort to collect experiences and ideas from credit union system stakeholders through the Exam Flexibility Initiative. This initiative will include meetings and teleconferences, and the agency has already opened an email account for credit unions to provide comments, ExamFlexibility@ncua.gov, and created a webpage to provide information about the initiative, available online here.
“We are committed to continual quality improvement and, in particular, to modernizing the examination process, the agency’s largest function,” NCUA Board Chairman Rick Metsger said. “More than 102 million account holders trust us to protect their hard-earned money, so our program needs to continue to be as effective as we can make it, but it also needs to be efficient for credit unions. I’m looking forward to a thoughtful dialog with stakeholders on how we can improve this program, place fewer burdens on credit unions and protect members’ deposits.”

View the entire press release here​