NCUA Headquarters NCUA headquarters. (Source: NCUA)

Credit unions are complaining that NCUA examinations are consistently unpredictable and inconsistent, placing a large and unnecessary regulatory burden on institutions, the two largest credit union trade groups told the agency’s board Wednesday.

“Inconsistency in the interpretation and application of rules and regulations are especially challenging for credit unions that have new examiners,” CUNA Chief Economist Mike Schenk told the board during its annual budget hearing. “These inconsistencies can throw strategic plans off track resulting in significant service disruption and misallocation of resources.”

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Credit Union Times

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