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NCUA Examiners Asked to Show a Little Respect

"Because I told you so," CUNA says one credit union was told after asking examiner why a specific solution was required.

By Heather Anderson | Updated on April 04, 2012

Credit unions deserve more respectful authority from examiners than “because I said so.”

That’s the message CUNA is communicating to the NCUA as the trade attempts to convince the regulator to implement changes mandated in HR 3461, the Financial Institutions Examination Fairness and Reform Act, said Mary Dunn, CUNA’s senior vice president for regulatory advocacy and deputy general counsel.

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