Examiners need to strike a balance between ensuring the safety and soundness of low income and community development credit unions and taking into account the special mission of those institutions.
That's the message of a supervisory letter that the NCUA sent its examiners last week.
The agency urged its examiners to take into account the unique challenges facing members of these credit unions-such as limited or negative credit history and an acute need for small dollar loans-when evaluating loan portfolios and the products offered by the institutions.
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