ALEXANDRIA, Va. —The NCUA has seen such an increase in credit unions with assets between $250 million and $500 million showing "some degree of financial stress", it has lowered the threshold for joint exams from $500 million to $250 million.
As a result, the time NCUA examiners spend participating in joint exams has nearly doubled to 120,000 hours per year, NCUA Staff Attorney Steve Widerman told the NCUA Board on Tuesday during its monthly open board meeting.
During those joint exams, state and federal examiners disagreed on a credit union's CAMEL rating approximately 2% to 4% of the time. When the variation in scores determines whether a federally insured state credit union is troubled versus untroubled, it becomes a significant supervisory issue, Widerman said.
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