NAFCU survey: Improving NCUA exams, declining examiner capabilities
The National Association of Federal Credit Unions (NAFCU) recently published results of their National Credit Union Administration (NCUA) exam survey in the September issue of their monthly newsletter, Economic & CU Monitor. In the results, credit unions noted a decline in examiners’ capabilities, yet noticed improvements in the overall examination process.
Of the credit unions that responded to the survey, almost 25% noted that the exam process was improved over previous years, while just over 12% mentioned that it was worse. However, the results differed when it came to the examiners. Almost 15% of respondents found their examiner to be less competent, while just over 8% noticed an improvement over previous years.
The same questions were asked during August 2012, when “0% of credit unions responding said the process was better,” according to David Carrier, the chief economist and director of research for the NAFCU.
Read more about the survey results here.
In Sageworks’ 2013 Bank & Credit Union Examination Survey, asset quality was the top area of focus in NCUA examinations. Other major focus areas included sensitivity to market risk and management. For more information, download the Sageworks Bank & Credit Union Examination Survey.