Credit unions’ federal regulator this week reminded of changes to the agency’s examination and scheduling policy in connection with December’s budgeting decisions for 2025-2026.
The new policy at the National Credit Union Administration (NCUA), detailed in Letter to Credit Unions 25-CU-03, assigns examination intervals based on certain characteristics of the affected credit unions (asset size, CAMELS ratings, change in CEO, etc.) and applies to federal credit unions (FCUs) and federally insured, state-chartered credit unions (FISCUs).
The agency, in an “NCUA Express” message Tuesday, said the changes, which went into effect Jan. 1, allow it to:
- Extend the time between examinations for qualifying credit unions with assets of $1 billion to $10 billion.
- Improve coordination with state supervisors for examinations of qualifying large (FISCUs).
- Better respond to emerging risks and priorities using available resources.
The exam intervals provided are eight months to less than 12 months; 12 months to less than 16 months; 14 months to less than 18 months; and every five years.
The agency said some credit unions “may be examined earlier or later than the new policy’s timeframes until the agency’s examination program can fully adjust to the new policy.” The agency said it will continue to coordinate examinations of FISCUs with state regulators.
Leave a Reply