NWCUA Regulatory Advocacy Update: NCUA Focuses Training on Exam Consistency
May 17, 2012
May 17, 2012
NCUA Focuses Training on Exam Consistency
The NCUA’s recent training conference included the rollout of a new draft National Supervision Policy Manual aimed at ensuring more consistency and eliminating “regional differences” in areas such as quality control. The new manual also incorporates recommendations from recent Material Loss Reviews by the NCUA’s Office of Inspector General. Once feedback from examiners and the NCUA staff can be incorporated the manual will be released—likely in June.
The training also included a focus on areas such as credit risk, interest rate risk, problem resolution and workshops on customer service. After the recent coverage surrounding the cost of government training and employee conferences the NCUA has provided an extensive cost break down of the conference with a total bill of nearly $2.5 million.
We certainly hope that the NCUA will continue to work with credit unions to build positive working relationships and ensure that consistency is found in all facets of the exam.
The NWCUA Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. The Association encourages members to participate in the regulatory process. If you have any questions on these or any regulatory issues, please contact Director of Regulatory Advocacy Jaycee Winn at firstname.lastname@example.org, or at 800.995.9064 x209.