It may as well have been called the “LarryFazio Show,” as many questions as the director of the NCUA'soffice of examination and insurance fielded during the regulator'sVirtual Town Hall online broadcast Thursday.

Although the event prompted questions in several areas, fromemergency liquidity to the recent legal decision to allowcredit unions to change field of membership charters in order tomerge, it was Fazio who fielded questions about exams, which wasthe most popular topic of the afternoon.

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NCUA Chairman Debbie Matz opened the online broadcast with a30-minute review of recent rules, achievements and changesgenerated by the regulator this year, and after introducing 12senior staff members, opened the town hall up to questions from thevirtual audience.

One credit union asked if a document of resolution can be issuedwithout management being allowed an opportunity to discuss it.Fazio said by definition, a DOR is a record of agreement betweenthe examiner and credit union regarding how a problem will beremedied. As such, the examiner and credit union management shouldhave discussed the DOR issue during the exam process.