The NCUA would like to implement a flexible exam schedule that extends exam cycles up to 20 months, according to the agency’s draft Strategic Plan, released Thursday.
The NCUA board approved the publication of the draft plan and is soliciting comment on the blueprint.
In addition to extending the exam cycle, the agency wants to reduce the NCUA’s presence in “well-capitalized and well-managed credit unions and enabling resources to be focused towards higher risk credit unions.”
The agency also wants to explore remote monitoring capabilities to allow field staff to conduct exam procedures remotely, according to the plan.
The plan also establishes a variety of agency goals and objectives.
At Thursday’s meeting, the board also approved a proposed rule intended to provide credit unions with more flexibility in the way they advertise that they are insured by the NCUA.
