ARLINGTON, Va.–In addition to commenting on NCUA’s proposal on voluntary mergers, the National Association of State Credit Union Supervisors has filed two comment letters, one on proposed changes to its procedures for a credit union seeking to appeal a material supervisory determination made by NCUA, and the other on proposed changes for appeals of a regulatory determination.
NASCUS said it supports the proposed changes to NCUA’s appeals process, and recommended some “modest changes,” including:
- Clarify that the Review Process as Codified Applies to NCUA Supervisory Determinations
- Enhance Transparency with Additional Reporting
- Codify the Supervisory Review Committee (SRC) Process within Part 741
In a separate comment letter, NASCUS said that when it comes to proposed changes to its procedures for a credit union seeking to appeal a regulatory determination to the NCUA board, it supports the consolidation of the varied processes for appealing program office regulatory decisions to the NCUA board.
Among the changes NASCUS said it would like to see:
- Publication of Appeal Results
- Part 741 and Ease of Reference for Federally Insured State Chartered Credit Unions (FISCUs)
- Notification of State Regulators for Appeals Involving FISCUs