California and Nevada's voice in Washington D.C. The Leagues are the only Leagues with a full time staff dedicated to working with Congress, Government Agencies, and Federal Regulators. The resources in this area will help you keep informed of the latest developments and credit union priorities.
State Government Advocacy efforts brings the voice of credit unions to Sacramento and Carson City. Our advocacy team works daily with elected officials, staff, the executive offices, gubernatorial appointees, and the decision-makers of California and Nevada. This area will keep you updated on all advocacy efforts at the state level of Government.
The NCUA lists the following specific areas of focus for 2014:
Examiners will also assess compliance with new regulations, including:
For new mortgage rules, NCUA has stated that during the early stages of the new rules, it will take into account each credit union’s good-faith efforts to comply.
NCUA has also said it’s planning on streamlining the exam process to make it “simpler and more effective.”
This includes issuing a revised exam scope policy designed to provide examiners with more flexibility to narrow or expand the scope of an exam based on their evaluation of the credit union’s operations and risk level. The policy will define what areas of review are required, recommended, or may be considered.
The NCUA will also test targeted scopes and new procedures in small credit unions with $30 million or less in total assets that received a CAMEL composite rating of 1, 2, or 3 on their last exam.
The California and Nevada Credit Union Leagues encourage you to take the joint CUNA-Leagues Exam Survey regarding your latest exam, and then again after your 2014 NCUA and/or state regulator exam. Your confidential feedback will help CUNA and the Leagues advocate on behalf of credit unions on exam-related issues.
The letter expands on each of the above areas of exam focus and provides insight as to what NCUA examiners will be looking to evaluate. The Leagues recommend all federally insured credit unions read the letter and use it to prepare for your next NCUA examination.
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