Northwest Credit Unions Launch New Exam Reporting Tool

Northwest credit unions have access to a new exam reporting tool, which allows credit unions to share exam issues in as much or as little detail as they like. The reported data will be used by advocates as they work with regulatory agencies to improve exams during the upcoming year.

Credit unions will have the ability to submit the forms anonymously, and the Northwest Credit Union Association will keep all information confidential regardless of whether users opt to include identifying information.

The form is simple to use and asks three important questions: What is the issue? Why is it an issue? How could this issue be favorably resolved?

If credit unions choose to share their contact information, the NWCUA’s regulatory advocacy team will reach out to them to see if they would like assistance resolving the issue. Data from these forms will be aggregated — and trends identified — which will help set the agenda for meetings with the NCUA’s regional office and jointly with the state and NCUA supervisory examiners.

“Advocating for improvements in the examination process is a top priority for credit unions. To address examination issues, the Association needs to be informed about what is happening on the exam front,” said John Trull, director of regulatory advocacy for the NWCUA. “On more than one occasion we have helped negotiate better outcomes or helped a regulatory agency rethink an exam process due to information shared by a credit union.” 

In addition, CUNA has a comprehensive exam survey that credit unions are encouraged to fill out. CUNA will be organizing a first quarter push encouraging credit unions to respond, but there is no need to wait because the survey is already live.

The national survey allows regulatory advocates to identify macro trends, regional differences, and focus points that might need to be reassessed in the examination process.  

“Over the past two years NW credit unions have actively participated in this effort, which allows the Association to provide strong evidence-based longitudinal data in meetings,” said Trull. “This, combined with credit unions sharing specific issues, will allow us to demonstrate the need for examination improvements.”

Regulators are expected to focus on interest rate risk, cyber security, and to a lesser extent, liquidity in 2015. The NCUA is expected to lay out additional details in a letter to credit unions in January.

Questions about this story? Contact James Pearson: 206.340.4790,


Posted in Advocacy News.