NCUA is hosting listening sessions around the country which allow credit unions to air questions and concerns. The latest listening session took place on June 13, 2012 in Orlando, Florida.
Jeanne Couchois, vice president of Compliance & Risk Management at the NC Credit Union League, attended the session in order to represent North and South Carolina credit unions. With approximately 80 credit unions in attendance, the session focused on issues with examinations with discussions specifically on the lead time between when an examiner requests and wants information, the inconsistency between examiners within the same region, and the complaint process. Couchois noted that Chairman Debbie Matz urged credit unions to pursue the complaint process up the chain of command until the issue is successfully resolved.
The session also included a discussion of the potential revision of the definition of “small” credit union. Chairman Matz indicated that the NCUA threshold of $10 million asset mark definition of a "small" credit union may be raised above that amount. Other topics included Member Business Lending and alternative ways to get capital as well as MFOEL which will be addressed in a Supervisory Letter to be issued later this year.
NCUA will hold two final listening session in 2012. For more information on the listening sessions and registration opportunities, please click here.