Search
 
Commentary

The Credit Union Exam Cycle: Only If It's Right

The NCUA's decision to extend the exam cycle to 18 months should be based on facts rather than emotion, rhetoric or pressure.

By Michael Fryzel | Updated on February 10, 2016
The reason to do something should not be based on the premise that because someone else has done it makes it right.

The recent flood of individuals professing that because the Office of the Comptroller of the Currency and the FDIC have gone to an 18-month exam cycle for their banks mandates that the NCUA join its sister agencies in doing so for credit unions, is not a logical argument to make for regulatory relief.

For some time now, I have advocated that the NCUA board look at all regulations and practices put in place when the credit union industry was impacted by the corporate crisis and recession in 2008. We are now in 2016. Credit unions are stronger, the economy is getting better and regulators should look for areas where they can reduce controls and allow for greater flexibility in credit union operations.

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:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 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.

Michael Fryzel

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.