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The NCUA Board will consider 10 recommendations from the agency's Exam Flexibility Initiative working group during its budget discussion during its open meeting tomorrow, according to this month's NCUA Report.

Released Tuesday, the Report republished the working group's 10 recommendations, which were expanded upon in another report last month. Among the working group's recommendations were:

• an extended examination cycle for well-managed, low-risk federal credit unions with less than $1 billion in assets;
• an adjusted examination cycle for other federal credit unions;
• continued targeted exams under the Small Credit Union Examination Program;
• enhanced coordination for state-chartered credit union exams;
• a joint NCUA-state supervisor working group;
• the establishment of provisions for all federally insured credit unions;
• enhanced planning and notice procedures;
• the return of an optional credit union survey;
• a reduction in the NCUA's onsite presence; and
• improved examiner training consistency.

The working group also recommended reinstituting an optional credit union survey. The group said the longer cycle for well-managed, low-risk credit unions will begin in 2017.

NAFCU has called for an extended exam cycle for all well-run, low-risk credit unions, not just those below a certain asset-size threshold.

The Report also included an overview of the NCUA's final field-of-membership rule and a column from NCUA Chairman Rick Metsger on FOM changes. The NCUA Board in October approved a revised FOM rule and proposed a new rule that would raise to 10 million the population cap for well-defined communities. The final rule represents the first major update to FOM rules in more than 10 years.