Sept. 25, 2012 – NAFCU President and CEO Fred Becker urged NCUA Monday to carefully consider recommendations from a new report on the agency’s examination and compliance process regarding exam inconsistency, and reiterated the association’s call to make public the National Supervision Policy Manual.
In a letter to NCUA Chairman Debbie Matz and copied to NCUA Board Members Michael Fryzel and Gigi Hyland, Becker pointed out that the Office of Inspector General’s report on NCUA’s examination and complaint processes for small credit unions acknowledges that the manual exists, at least in part, to address exam inconsistencies.
NCUA should share the National Supervision Policy Manual with credit unions and the public at large, Becker said. To date, NCUA has yet to release any part of the manual.
Becker also urged that NCUA explain to credit unions the various examinations tools it uses. As NAFCU has noted in earlier comment letters, he said, examiners have used Documents of Resolution and Preliminary Warning Letters in recent examinations that were “unlike and under very different circumstances” than how these tools were used previously. On more than one occasion, Becker said, examiners used one or both of these measures on programs credit unions have not even implemented.
NCUA should expedite a letter to credit unions on this issue, he added.