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Well-run, healthy credit unions with assets of less than $1 billion could be moved to an extended examination cycle beginning next year, pending board approval, NCUA said Thursday.

NAFCU has long advocated for all healthy credit unions to return to an extended exam cycle, which will help the industry and save NCUA resources.

The NCUA Board is scheduled to consider the Exam Flexibility Initiative work group's recommendations, an extended exam cycle being one of them, as part of the agency's 2017–2018 budget, scheduled to come before the board at its Nov. 17 open meeting.

The extended exam cycle is one of 10 recommendations in a report now available online.

With board approval, come Jan. 1, the following recommendations would become effective:

• an extended exam cycle for well-run, healthy federal credit unions;
• enhanced examinations of small federal credit unions;
• enhanced coordination of exams for federally-insured, state-chartered credit unions; and
• the establishment of an NCUA and state supervisor working group.

NCUA on Thursday also said it could make other changes as of July 1, 2017, including improvements in examination planning and the issuance of a post-exam survey, if the board approves those recommendations.