Newsroom
NCUA seeks CUs' input on exam modernization
NCUA Board Chairman Rick Metsger on Thursday asked for credit unions' input regarding the agency's efforts to modernize the examination and supervision program – a move praised by NAFCU as the association continues to push for extended exam cycles for well-run, healthy credit unions.
"NAFCU's members welcome the opportunity to comment and provide insight on the agency's modernization efforts regarding supervision and examinations," said NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt. "The association has repeatedly asked the agency to make an extended exam cycle a high priority."
NCUA has begun an outreach effort to collect ideas from credit union stakeholders through the Exam Flexibility Initiative. The agency has also set up an email address where credit unions can send comments, ExamFlexibility@ncua.gov, and a webpage to provide information about the initiative. The agency also presented five questions to help credit unions form appropriate feedback for NCUA, including:
- How can NCUA conduct future examinations in ways that minimize their impact on credit unions' operations?
- What concerns do credit unions have about the current examination and supervision program?
- What steps should NCUA take to improve the efficiency of its examination program while ensuring it remains effective?
- How can NCUA better use technology in examinations?
- What metrics should NCUA consider to determine a credit union's eligibility for an extended examination cycle?
During NCUA's open board meeting earlier this month, Metsger, discussing call report modernization and the exam cycle, said he hopes to see the calendar-year exam cycle addressed in a strategic plan update this summer. He said the board could vote by July 2 to eliminate strict calendar-year exams for all federal credit unions and for federally insured state-chartered credit unions with more than $250 million in assets.
Share This
Related Resources
Add to Calendar 2024-05-06 14:00:00 2024-05-06 14:00:00 Overview of Regulation CC Join us for this webinar, Overview of Regulation CC, and you’ll delve into the intricacies of the Expedited Funds Availability Act and Regulation CC. This includes gaining invaluable insights on effectively implementing funds availability requirements, navigating the process of placing holds on deposited items and crafting comprehensive disclosures for your members. Don't miss this opportunity to enhance your understanding of regulatory compliance in the financial landscape. Key Takeaways Know the funds availability requirements Learn what must be included in disclosures Comprehend extended holds Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 18, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Overview of Regulation CC
Credits: NCCO, NCRM
Webinar
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Add to Calendar 2024-05-03 09:00:00 2024-05-03 09:00:00 Blind Spots in the Boardroom Listen On: Key Takeaways: [04:19] For a board to change its practices first it needs to be committed to different outcomes. It takes about 30 times for a board to start to be in a new conversation before they start to get their brain rewired to embody the change [07:24] In merger conversations we lose sight of what is important for the member. We need to look at what the continuing organization will look like and what is the leadership the membership and continuing organization need and deserve. [12:39] An educated board and executive team are a sharper team. When you have sharper leaders in the organization good things come from that. [24:22] If we are not taking care of that relationship with the CEO then we are strategically hampered. With a good CEO evaluation, the board is higher performing, the CEO is more attentive to being high performing, and the relationship is high performing and more genitive. Web NAFCU digital@nafcu.org America/New_York public
Blind Spots in the Boardroom
preferred partner
DDJ Myers
Podcast
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Get daily updates.
Subscribe to NAFCU today.