ALEXANDRIA, Va. NCUA on Thursday announced a realignment of the agency’s regional supervision of federally insured credit unions in nine states, effective Jan. 1, 2014.
NCUA said the adjustment results from the regulator’s ongoing efforts to operate as efficiently as possible.
“We continually monitor our regional workload and, when necessary, make adjustments to distribute exam hours proportionally,” NCUA Board Chairman Debbie Matz said. “Several years ago, NCUA moved California, Nevada and several individual credit unions, for supervision purposes, to different regions. Now that the economic downturn has ended, with the economy gaining strength and with the credit union industry generally performing well, we are reconfiguring our regions to create geographically compact districts that better balance workload, improve efficiency and reduce travel costs by more than $900,000 per year.”
The following nine states will shift regions as follows:
From Region V to Region IV: Colorado, Montana, New Mexico, Wyoming
From Region IV to Region III: Louisiana, Arkansas
From Region IV to Region I: Wisconsin
From Region III to Region II: Ohio
From Region II to Region V: California
