As mentioned by NCUA Chair Rick Metsger at the agency’s last meeting, a request for information on modernizing data collection has been published in the Federal Register. Comments are due Aug. 1.
“Opening up comments on modernizing call reports is a good first step toward the agency’s stated goal of modernizing its examination and supervision process,” said Elizabeth Eurgubian, CUNA’s deputy chief advocacy officer. “We urge credit unions to submit their comments on data collection, as CUNA will be, and we look forward to working with the NCUA throughout the process.”
Specifically, the NCUA is seeking input in the following areas:
Metsger announced last month that the NCUA will undertake a number of projects designed to modernize the way credit unions interact with the NCUA. This includes looks at the examination and supervision program as upgrades and enhancements to the call report system and other portals through the agency’s Enterprise Modernization Program.
CUNA Chief Advocacy Ryan Donovan said credit input from credit union leaders is essential to these efforts, and urged stakeholders to continue weighing in throughout the process.
CUNA will be at the forefront of these conversations, and has put in place a long-term strategy to provide input to the NCUA, and ensuring member credit unions have the latest information.