CUNA Small Credit Union Committee Letter to NCUA

FOR IMMEDIATE RELEASE

CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; lwilliams@cuna.coop          

Washington, DC (April 11, 2018) – Credit Union National Association Small Credit Union Committee sent this letter to NCUA Chairman Mark Mcwatters and Board Member Rick Metsger to reiterate issues and recommendations made during its meeting at the 2018 Governmental Affairs Conference.

While small credit unions are aligned on the vision the NCUA has laid forth, the Committee would like to remind the agency that significant changes to examination and supervision processes are often more burdensome and costly for small credit unions. Despite ongoing efforts at the NCUA to train examiners, policies set by agency leadership aren’t always properly implemented by field staff.

The following issues were outlined in the meeting and reiterated in the letter:

• Examinations
• Call Report Modernization Efforts
• Data Collection Processes
• Forgoing Tests/Assessments Similar to Approach with ACET
• Small CU Risk to Share Insurance Fund

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About CUNA 
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.