CUNA commends NCUA for modernizing agency operations
WASHINGTON, DC (July 21, 2017) — The National Credit Union Administration today announced that the agency plans to reorganize its operations. The agency will consolidate five regional offices into three by closing the Albany, New York, and Atlanta, Georgia offices and eliminate four of the agency’s five leased facilities.
“We commend Chairman McWatters for his efforts to modernize agency operations by finding efficiencies and eliminating redundancies,” said Jim Nussle, CUNA president/CEO. “We look forward to continuing to actively engage with the Chairman as he continues to drive the agency towards reducing regulatory and examination burdens for credit unions.”
NCUA announced the agency will also:
- Create an Office of Credit Union Resources and Expansion by redefining and realigning chartering and field-of-membership, credit union development, grants and loans, and minority depository institutions programs;
- Restructure the Office of Examination and Insurance into specialized working groups; and
- Realign the Asset Management and Assistance Center to include changes to the servicing business model and moving to a financial supervisory structure.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.