Credit Unions Urged to Complete Annual Regulatory Survey Following Most Recent Exam – Deadline or Not

With the removal of a deadline associated with NCUA-proctored examinations, and the CUNA post-exam surveys, many credit unions may see the opportunity in time gained. However, the importance of data gathered from post-exam surveys is just as important, according to John Trull, AVP of Regulatory Advocacy with the Northwest Credit Union Association.

“We recommend taking the survey shortly after your exam has been completed, while that information is still fresh,” he said. “It gives us the most accurate picture to advocate for our membership.”

By utilizing the most accurate longitudinal data, NWCUA can cull specific issues relating to membership in a targeted way.

“We can point out where there are significant differences between how examiners are examining, in other words,” Trull noted, adding that Region 5 credit unions are more-commonly cited for liquidity than in other regions.

Data submitted will remain confidential, available only to the CUNA Market Research Department. More information on the survey, including survey reports and data tables from past years and a link to the 2016 survey, are available at www.cuna.org/survey.

NWCUA will continue to monitor survey traffic and work with member credit unions on responding in order to drive advocacy efforts on their behalf.

Questions about this story? Contact Eric Horvath: 503.350.2222, ehorvath@nwcua.org.

Posted in Advocacy News, CUNA.