The NCUA's announcement that it is writing a supervisory letter for examiners, advising them on how to evaluate credit union key measures in light of the poor economy, may be in response to a complaint from a major trade group.
According to a Sept. 14 letter obtained by the Credit Union Times, California Credit Union League President/CEO Bill Cheney told NCUA Executive Director David M. Marquis and
Director, Office of Examination and Insurance Melinda Love that he and his staff at both the California and Nevada leagues have "received input from numerous credit unions that lead us to believe that supervision consistency and alignment with NCUA policy directives may not be practiced across examinations."
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