ALEXANDRIA, Va. (1/8/14)--Credit unions of all asset sizes may participate in a free, Jan. 22 National Credit Union Administration webinar designed to give participants a better understanding of new procedures related to Documents of Resolution and examination reports. The NCUA recently made changes to streamline and improve the consistency of the examination report process.
The changes, effective Jan. 1, are intended to improve the overall exam process by setting clearer expectations for credit unions and examiners, and were introduced in October in the agency's Letter to Credit Unions (13-CU-09). The Credit Union National Association has long sought the kind of changes provided in the NCUA letter, Deputy General Counsel Mary Dunn said at the time.
The NCUA noted it considered feedback from credit union industry officials as it developed these changes. The agency also incorporated recommendations from the U.S. Government Accountability Office and the NCUA's Office of Inspector General.
One specific change adopted by the agency is separating the Document of Resolution and Examiner's Findings sections of the examination reports into stand-alone documents.
"Separating the DOR and Examiner's Findings documents--and providing descriptive definitions of each document's purpose--will help credit union officials clearly differentiate between major and minor problems in order to prioritize corrective actions," the agency wrote.
Presenters at the NCUA's 2 p.m. (ET) webinar include Dominic Carullo, an economic development specialist with the Office of Small Credit Union Initiatives; Amanda Parkhill, a loss and risk analyst with the Office of Examination and Insurance; and Clarence Jones, an NCUA national training specialist.
Use the resource link below for registration information. Participants may submit questions to the agency in advance of the session at WebinarQuestions@ncua.gov. The subject line of the email should read "Examination Modernization Webinar." Participants with technical questions about accessing the webinar may email firstname.lastname@example.org.