At the Credit Union Enterprise Risk Management conference earlier this month, a senior official at the NCUA declared that the agency is taking a more qualitative approach rather than quantitative in its examinations. Tim Segerson, deputy director of the Office of Examination and Insurance, acknowledged that credit unions that don’t take a certain level of risk damage their income, making them a potential risk to the insurance fund. He explained that the NCUA’s exam guide even instructs examiners to take a step back and look at the bigger picture.

Unfortunately, that’s not what we’re seeing and hearing from credit unions on the ground. Turning a ship as big as the NCUA is a tall task, and it’s not going to happen overnight. I know with our small staff at Credit Union Times, it is a feat to accomplish  the smallest things sometimes, and, of course, you’ve experienced this in your organizations as well. People and organizations get set in their ways. But if the NCUA’s upper management is consistent in its steering and enforcement it will get there.

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