NCUA's recent guidance to examiners about how to treat low income and community development credit unions is a good place to start but will need good implementation as well.
The National Federation of Community Development Credit Unions praised the NCUA for the guidance that the agency made public on Jan. 15, for having listened to many concerns from low income and CDCUs, but said they would be looking closely for evidence that examiners are taking the guidance to heart.
According to National Federation CEO Clifford Rosenthal, the agency's previous guidance in this area, a white paper distributed as a letter to credit unions in 2005, did not have the impact it could have had because too few examiners knew about it or were trained on it.
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