ALEXANDRIA, Va.–Credit unions should start preparing to see NCUA examiners in person again, according to a new Letter to Credit Unions from the agency.
According to the agency, some of its examiners may volunteer to work onsite, including conducting examination and supervision work at some credit unions, beginning April 11.
In Letter to Credit Unions (22-CU-06), NCUA Chairman Todd Harper said this phase II of resuming onsite operations is based on new guidance from the Centers for Disease Control and Prevention (CDC) and the Safer Federal Workforce Task Force.
The letter notes phase 1 of NCUA’s reopening began last July when the agency said NCUA staff and contractors would be permitted to volunteer to work onsite at credit unions where public health data indicated pandemic conditions had “sufficiently moderated.”
Now, Harper wrote in the letter, “Phase 2 permits NCUA staff to volunteer to work onsite, including conducting examination and supervision work at credit unions located in counties with low or moderate COVID-19 community levels, as defined by the CDC. Onsite work in counties with high COVID-19 community levels may be allowed when necessary and with prior approval from NCUA management.”
Will Address ‘Challenges’
In addition, Harper stated that during phase 2 the agency will continue to conduct examination steps offsite when feasible and appropriate.
“When scheduling examinations, the NCUA will continue to take into account any challenges a credit union is facing, such as the availability of key staff, and will work with credit union management to identify a suitable time to conduct the examination,” the letter states.
The letter further notes agency staff working onsite in credit unions will generally be expected to follow credit union policies related to safety to the extent they exceed the NCUA’s safety protocols for phase 2.
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