Northwest Credit Unions to Respond to National Examination Survey

NWCUA and CUNA have teamed up to develop a comprehensive examination survey, based on a model that was piloted in California and other region 2 states.

The initial pilot program was extremely successful in building an evidence based model that clearly demonstrates the collective issues that credit unions are facing during exams. Survey questions were carefully designed so that answers could not be used to identify respondents unless a respondent makes the choice to forego anonymity.

The next step is for the survey to be released nationally to all CUNA and NWCUA affiliated members. According to John Trull, Director of Regulatory Advocacy for the Association, this could happen as early as Thursday, December 6.  After the survey is released we need strong participation so that the results of the survey accurately represent the state of examinations in the Northwest.

The results of the survey will help regulatory advocates bolster efforts to improve future examinations by urging regulators to adopt the best practices of state and federal examiners across the nation.

“The Northwest is viewed nationally as a leader on credit union issues” said NWCUA President and CEO Troy Stang. “This is yet another opportunity where we can demonstrate our commitment to improving the examination process, by an overwhelming response to the survey.” Stang worked as a member of the AACUL Committee to develop this survey

 

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 John Trull at jtrull@nwcua.org, or at 503.350.2209.

Posted in Around the NW.