White House Clears NCUA’s DataCollection Initiative

ALEXANDRIA, Va. - (03/08/06) – NCUA said Tuesday the WhiteHouse has cleared the agency’s service to the underserveddata collection program and its examiners will begin work on theprogram in the next few weeks. But the White House budget officelimited the program to just six months, until Aug. 31. NCUA hadplanned to begin examining 481 credit unions to measure theirservice to the underserved by the end of last month but the WhiteHouse ordered a halt to the program until NCUA issued the proposalfor public comment, as required by the Administrative ProceduresAct. To comply with the law NCUA issued the proposal for a brieffive-day comment period, including the weekend.