NCUA Names New Supervisory Examiner for the Northwest
March 30, 2015
March 30, 2015
The NCUA has announced that James Woodrich has been tapped to be the new supervisory examiner for the Northwest. Woodrich is expected to begin his new role in late April or early May.
Woodrich has a degree in accounting and business administration from Metropolitan State University. He is a graduate of the USDA Executive Leadership Program and participates in the NCUA’s Management Development Program. He began his career with the NCUA in 2008 as a credit union examiner, and became a problem case officer in April 2013. Before joining the NCUA, Woodrich worked as a currency teller for the Federal Reserve Bank of Minneapolis.
In his new role, Woodrich will oversee a group of examiners who work with credit unions in Oregon and Washington. Currently Woodrich serves as acting Deputy Director of Supervision in Region I.
Credit unions are hopeful that bringing in a new perspective will help bring the region closer to alignment with other regions on some critical metrics.
Based on the results of CUNA’s third annual exam survey, Region V continues to have significant variances in exam experiences. The Northwest and Region V in general continue to have a 15% higher dissatisfaction rate with their exam experience compared to other regions, and they are 20% less likely to have examiners that are open to discussion and an exchange of perspectives. They are also far more likely to get written up for member business lending, loan concentrations, real estate appraisals and evaluations, interest rate risk management and investment portfolios.
“Region V stood out amongst its peers on citing actual regulation and laws when providing guidance to credit unions. In addition Region V is in line with the other regions in terms of how often they issue DOR’s,” said John Trull, director of regulatory advocacy for the Northwest Credit Union Association. “Mr. Woodrich responded quickly to the Association’s ask for a meeting and seemed to embrace an open dialogue. We look forward to working with him.”
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