Credit unions who feel their NCUA examiner has exceeded his or her authority in an exam will soon have a resource they can use to make their case.
CUNA has released a 64 page booklet entitled Supervisory Issues And Examinations: Guidance For Credit Unions During The Current Economic Times And Beyond and said the new product cross-references CUs' "examination rights" to sections of the NCUA's Examiner's Guide and shows specific correlations to guidance the agency gives to its own examiners, in writing, for performing examinations.
"A prime objective of this Guidance is to assure credit unions they have options in responding to most supervisory issues and when they feel an examiner has overstepped his or her authority," said CUNA President and CEO Bill Cheney, in releasing the booklet to credit unions. "Credit union officials are entitled to question an examiner's findings and directives, suggest alternatives in most situations, and appeal decisions they feel are unwarranted, arbitrary, inconsistent with laws and regulations, or may jeopardize their ability to serve their members."
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