This month's special topic:
Examinations
Earlier this year, NCUA Chairman McWatters announced 15 priorities aimed at enhancing NCUA's regulatory and supervisory approach. Among these top issues, the Chairman emphasized that NCUA would continue its review and analysis of the agency's examination processes and procedures, including the extended 18-month examination cycle for well-run credit unions, the feasibility of a virtual examination approach, and potential improvements in examination training and culture. This continued review of NCUA's examination process follows an Exam Flexibility Initiative working group report, which last fall made recommendations to the NCUA Board to modernize and improve the examination process.
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