ALEXANDRIA, Va.-CUNA and NAFCU met with senior NCUA officials recently to discuss a pilot on liquidity guidance to be used by examiners during credit union examinations. The questionnaire would be used to determine whether a credit union's liquidity requires further review, centering on the important aspects of liquidity. The pilot program began September 1 and will run through November 30 in six credit unions from each of the six regions, according to NCUA Spokesperson Cherie Umbel. "It will be used to develop exam procedures to provide a fair and reasonable liquidity review," she explained. Three different levels of review were created, depending upon the size of the institution. Results and a final decision on the program will be released the beginning of 2002, Umbel said. The two trade associations met with NCUA's Director of Investment Services Ed Dupcak and other agency officials. Representing CUNA were Chief Economist Bill Hampel and Associate General Counsel Mary Dunn. Chief Economist Tun Wai, Staff Economist Jeff Taylor, and Director of Regulatory Affairs Gwen Baker represented NAFCU. A similar pilot program on asset/liability management was previously conducted.