Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Exam survey sparks big response of CUs' stories
WASHINGTON (1/8/13)--More than 1,100 credit union representatives have responded to the Credit Union National Association's (CUNA) examination survey, illustrating the importance of the issues being addressed. However, there is still time for more voices to be heard as the Jan. 15 deadline approaches.

The survey gives credit unions a chance to detail their experiences with on-site regulatory examinations and discuss how satisfied they are with National Credit Union Administration (NCUA) and state examiner performance, and the results of those exams. Credit unions can also describe the strengths and weaknesses of their state and federal regulatory examination experiences.

"The strong response is no surprise," CUNA Senior Economist Mike Schenk said Monday. "We know there are issues out there. We are confident that the survey results will assist us in working with NCUA and state regulators to improve the exam process for credit unions."

Schenk said CUNA is eager to start working through the responses and "doing what it can to support credit unions from a regulatory advocacy standpoint." Advocating on behalf of credit unions to improve the examination process is one of the highest priorities of both CUNA and credit union leagues. (See related story: A closer look: CUNA 2013 goal is a better regulatory environment)

Survey replies are confidential, and identifying information from individual credit union respondents will not be seen by individuals outside of CUNA's Market Research Department. Only summary results will be reported.

The exam survey has been sent to all CUNA-affiliated credit unions except those in NCUA Region II, whose league already executed a similar poll.

CUNA members may use the resource link below to access the exam survey.
RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
1 Day ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
1 Day ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
1 Day ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
1 Day ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
1 Day ago