ALEXANDRIA, Va.-NCUA's examiners are working to identitfy and monitor potential high-risk areas within CUs, according to a new report from the agency's Office of the Inspector General.
The report is based on an analysis of examiner actions from 25 CUs, five from each of NCUA's five regions. Among the issues addressed were concentration, liquidity and interest rate risk at 19 of the 25 CUs. Related actions included DORs, drafted and/or issued Regional Director LUAs, planned or conducted onsite and off-site reviews, and other steps, the OIG said.
At four of the six remaining CUs in the report the OIG said it found existing issues that had previously been addressed by examiners, and further found that follow-up exams had been scheduled or conducted. While the OIG questioned actions taken by examiners at two CUs, it did not recommend changes to the NCUA exam structure.
The agency has recently distributed to its exam force a new standardized National Supervision Policy Manual that NCUA said is designed to ensure credit unions are treated more consistently from region to region (CU Journal, June 18.
