HARRISBURG, Pa. (9/20/12)--Seven credit union leagues/associations in the National Credit Union Administration's (NCUA) Region 2 are collaborating on an examination survey project.
Among the state leagues participating in the project are: Pennsylvania, California/Nevada, Virginia, Delaware, New Jersey, Maryland/D.C. and West Virginia, said the Pennsylvania Credit Union Association (PCUA) (Life is a Highway Sept. 19) .
The survey feedback on NCUA exam practice trends will be live through Oct. 19.
The New Jersey Credit Union League developed the program prototype to address the examination process in terms of education, preparation, follow-up and proactive interaction with regulatory agencies.
The program is designed to bring together CEOs to share their exam experiences challenges and insights, and provide them with an opportunity to share in the resolution process of addressing regulatory and examination issues.
"We realize the examination experience can be a stressful time for a credit union," said John Kilduff, PCUA vice president of credit union services. "We're collaborating with six other credit union leagues in NCUA Region 2 to seek feedback from credit unions in Pennsylvania. The information we receive from our credit unions will be aggregated with that from other Region 2 states and will be used to begin discussions with Credit Union National Association and NCUA on ways to improve the process going forward."