NCUA Director of Examination and Insurance Larry Fazio joinedthe ongoing examination dialogue on Thursday, providingCredit Union Times with an exclusive preview of hisarticle in the agency's April newsletter.

Fazio acknowledged that the exam process has been a hot topiclately, and although credit unions and examiners have “a goodworking relationship” in the majority of cases, there have beenbreakdowns in the process in other instances.

“There will always be tension inherent in this type ofrelationship, but the overall mood seems worse than usual,” Faziosaid in his “Director's Report” column, which will be published inthe NCUA's monthly newsletter Friday or Monday.

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