The reason to do something should not be based on the premise that because someone else has done it makes it right.

The recent flood of individuals professing that because the Office of the Comptroller of the Currency and the FDIC have gone to an 18-month exam cycle for their banks mandates that the NCUA join its sister agencies in doing so for credit unions, is not a logical argument to make for regulatory relief.

For some time now, I have advocated that the NCUA board look at all regulations and practices put in place when the credit union industry was impacted by the corporate crisis and recession in 2008. We are now in 2016. Credit unions are stronger, the economy is getting better and regulators should look for areas where they can reduce controls and allow for greater flexibility in credit union operations.

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Michael Fryzel


Credit Union Times

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