The NCUA – not Congress – should adjust the exam cycle forhealthy credit unions and will do so within the next two months,NCUA Chairman Rick Metsger said in a letter to a key member ofCongress.
“Now that the economy and the credit union system havestabilized, I believe that the NCUA board should act thoughtfullyand promptly to modify the exam cycle for federally insured creditunions,” Metsger said in a letter to Rep. Frank Guinta(R-N.H.).
In the letter, Metsger renewed his promise to extend the exam cycle for federal creditunions and federally insured, state chartered credit unions withassets of more than $250 million within the next two months. Hesaid the agency is conducting a broader review of the exam cycle,adding that he expects changes to be in effect for the 2017 examcycle.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
