I disagree strongly with the premise behind the article, "Does NCUA Disdain the Dual System?" (Aug. 8 issue, page 1). It's important to set the record straight.
The NCUA works closely and cooperatively with state regulators, appropriate to our role as the federal insurer for state-chartered credit unions.
State supervisory authorities often avail themselves of NCUA training, hardware, software and other resources as they conduct examinations. Especially when state regulatory budgets are tight, state authorities often request and receive NCUA assistance in conducting exams for state charters.
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