This year, the California Department of Financial Institutions is doing away with paper examination reports for state chartered credit unions and banks and moving to an electronic system, the DFI said in its December 2012 bulletin, posted online by the department Jan. 11.
The elimination of hard copy reports will reduce the DFI's use of paper, postage costs and need for file storage space, as well as the time it takes to deliver completed examination reports to licensees and federal regulators, the agency said.
The department said examination reports will be delivered in PDF format by secure email to licensees and federal regulators.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
