WASHINGTON—A new survey finds an old concern remains front and center with CU leaders—exam consistency (and inconsistency). That finding, along with concerns around the economy, were revealed as part of the November issue of NAFCU's Economic & CU Monitor report.
The report found more than half of survey respondents are at least somewhat concerned with examination consistency, with 43% reporting that their highest priority for exam reform was more consistent application of rules and guidance.
The survey also found that when compared to 2018, the median length between exams has remained unchanged at 12 months despite the NCUA's goal of utilizing an extended exam cycle for well-capitalized and well-run credit unions under $1 billion in total assets.
Also included in the latest Economic & CU Monitor are results from the June Credit Union Sentiment Index (CUSI), an index based on NAFCU member responses to eight questions on growth and earnings outlook, lending conditions and regulatory burden.
The CUSI declined in October, despite a continued rise in the three-month moving average. Nearly half of all respondents with a positive outlook on earnings cited strong loan growth and loan performance as the chief reason for that optimism.