Citing "extraordinary" costs in special cases, the Texas Credit Union Department wants to be reimbursed from the industry for certain examination expenses, it was disclosed last week.
In a proposed rule out for comment this month, Texas CU Commissioner Harold E, Feeney said the agency may seek "direct reimbursement for time and actual expenses incurred by the department" for CU examinations deemed extraordinary.
Expenses including personnel and transportation costs, meals, lodging and incidentals would be declared "unique and directly attributable to an individual credit union," the proposed rule read.
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