NAFCU has sent a document called Managing Examinations in Challenging Times to all its member credit unions meant to help them address a more challenging NCUA exam environment.
Anthony Demangone, NAFCU's director of regulatory compliance stressed that the association did not draft the document to throw stones or point fingers at anyone but instead to help credit unions generally have a better relationship with their regulator and to know how to improve what might be a difficult situation.
"This document is designed to highlight how credit unions may challenge actions or findings made by NCUA examination staff," Managing Examinations read. " In addition, it will discuss issues that credit unions may wish to consider when 'managing' the supervision and examination process."
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Although NAFCU sent the document to its member credit unions first, Demangone stressed that the association had drafted it with all credit unions in mind with the goal of helping all credit unions improve their examination experiences.
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