WASHINGTON – Seeking to provide additional oversight of troubled credit unions during the recession, the NCUA has established a team of examiners that the agency hopes will "enhance the supervisory process."
The seven-member National Examination Team, which will add more specialists as needed, will concentrate on the most difficult cases of credit unions especially badly hurt by the housing crisis and the impact of high unemployment among their members.
In addition to supervising troubled credit unions, whom the team will examine until they have dealt with their problems, the examiners will also be permanently responsible for the examination and supervision of approximately 10 large and more complex institutions.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
