In a letter to Representative Frank Guinta (R - NH), National Credit Union Administration (NCUA) Chairman Debbie Matz nixed the idea of extending the examination cycle for credit unions to 18 months at this time.
In the letter, she stated that the agency won't be in a position to consider expanding the exam cycle until the beginning of 2018.
She noted that the agency’s 2016 exam cycle and budget was already in place. Therefore, NCUA had limited capacity to make such changes at this time.
Chairman Matz also commented that NCUA had put in motion a number of initiatives that would improve the examination process, which will take time and resources to complete. She further wrote that these initiatives would form the foundation for any future NCUA Board decision to extend the examination cycle.
These initiatives include updating the Call Report and examination software platforms. In addition, recent regulatory changes by NCUA will require the agency to develop examiner guidance and to adopt new and specialized training for examiners.
She wrote that these new procedures and processes are scheduled to be in place by the end of 2017 and at that time, the NCUA Board will be in a better position to consider a comprehensive, well-integrated plan to extend the examination cycle.
She did write that NCUA in the meantime will continue its efforts to conduct streamlined examinations for smaller, well-run credit unions.
Hey. Where's the CEO pay to roa and bank CEO pay to roa study?
ReplyDeleteI am still in the process of compiling CU CEO pay. Guidestar has not posted all of the Form 990s for 2014. Analysis on CU CEO pay versus various metrics probably won't be published until May or June.
ReplyDeleteLet's go with latest data on bland, Halleck and Blaine.
DeleteWhat's their "roa /comp efficiency ratio"?
Their total comp to total cu income.
And who do they compare JDimon of jpmorgan?
There's a story here.