Today marks resumption of on-site examination, supervision by NCUA

With “phase 3” of its phased approach to returning to onsite operations following the a lengthy period of distancing amid the COVID-19 pandemic, the National Credit Union Administration (NCUA) is expected today to resume onsite examination and supervision activities in all locations.

The agency announced its intention in a Letter to Credit Unions at the end of September. “Given the lessons learned from offsite examinations conducted during the pandemic, examiners will seek to strike the right balance between onsite and offsite examination and supervision work,” the agency said in Letter 22-CU-11. “Examiners will continue to conduct some examination steps offsite when they can be completed efficiently and effectively in credit unions that can accommodate the offsite work.”

In that letter, the NCUA said it would continue to consider any challenges credit unions face, such as availability of key staff. “Examiners will coordinate with credit union management in scheduling the examination and with respect to aspects of the examination that will be conducted onsite and offsite,” it said.

In addition, it said members of the public would be generally permitted to visit NCUA facilities to attend events open to the public and to meet with agency personnel.

The agency’s budget briefing, slated for Wednesday, and Thursday’s open NCUA Board meeting, both accessible in-person and online, are set to begin at 10 a.m. Eastern.

NCUA Letter to Credit Unions 22-CU-11

NCUA Board Meetings, Agendas, and Results