WASHINGTON Dennis Dollar, the acting chairman of the National Credit Union Administration, announced plans Monday to cut at least 4% of its examiners and other staff members by 2003.
We need more efficient use of agency resources if we are to be more effective as a safety and soundness regulator and insurer, Mr. Dollar said in a prepared statement.
He said the agencys pending shift to risk-based exams from regularly scheduled ones should free tens of thousands of staff hours and offset the cuts. He said he expects to make the reductions through attrition instead of layoffs.
