ALEXANDRIA, Va.-NCUA said last week it has reassigned the supervision and examination of Alaska and Nevada credit unions in order to allocate more resources to troubled credit unions.
In addition, NCUA's National Exam Team, which focuses on problem cases, is being assigned the 10 worst cases nationwide, including Wescom CU, Kinecta FCU, Telesis Community CU, Eastern Financial Florida CU and Arizona FCU.
Under the new exam scheme, Nevada credit unions are reassigned to the Region I office in Albany, N.Y., and Alaska credit unions are reassigned to the Region II office in Alexandria, Va. The change was effective Jan. 1.
Previously, credit unions in Alaska and Nevada were assigned to NCUA's Region V, based in Tempe, Ariz. The Region V office now supervises credit unions based in a dozen western states, and some of those areas are experiencing some of the highest foreclosure rates in the country. The NCUA said affected credit unions have been notified of call report processing and district examiner assignment changes.
