A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general office.
The report by the National Credit Union Administration (NCUA) Office of Inspector General (OIG) says it also determined that supervisory examiners “did not create any written approved exceptions to the rotation policy during our audit scope period, therefore, we had none to review.” It did note that it found the NCUA adequately assigned examiners-in-charge in accordance with grade level requirements.
The report said the OIG looked at about an eight-year period, and that its limited testing found 33 credit unions where supervisory examiners did not rotate the examiners-in-charge in accordance with its rotation policies at the time.
The one recommendation to NCUA management was that it ensure that those involved in scheduling “adhere to the examiner-in-charge rotation limits requirements to ensure timely examiner-in-charge rotation in accordance with the National Supervision Policy Manual.” Management agreed.
Audit of the NCUA’s Compliance with its Examiner-in-Charge Rotation Policy and procedures (NCUA Report #OIG-25-01) Feb. 6, 2025
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