Agency outlines new program for credit union of $10 million or less.
As an observer at the NCUA listening session in Alexandria last week, I heard a lot of things you’d expect. But credit unions need to commit to their end of the bargain by speaking up.
NCUA’s examiner training in Orlando last month and listening sessions this summer are a step in the right direction, trade organizations say, and senior NCUA officials have been open to discuss exam issues and ways to improve the process.
Secretary of Banking Glenn Moyer says new agency unit will help enhance transparency and increase communications in the examination process.
Agency promotes from within for Office of Examination and Insurance, brings new chief information officer in from Bureau of Land Management.
Larry Fazio says good working relationship is usually the case but that there have been breakdowns and "tension inherent."
Senate Banking chair wants to know if examination procedures are hurting the ability of small financial institutions to do responsible lending.