The National Credit Union Administration’s (NCUA) recent plan to reorganize its operations has garnered the support of the Credit Union National Association (CUNA).
NCUA officials said the agency would 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 efforts to modernize agency operations by finding efficiencies and eliminating redundancies,” CUNA President and CEO Jim Nussle said. “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.”
In conjunction with the reorganization initiative, NCUA is seeking to create an Office of Credit Union Resources and Expansion that would redefine and realign chartering, field-of-membership and credit union development; 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.
CUNA officials said the organization holds the distinction of being the sole national association advocating on behalf of all of America’s credit unions, endeavoring to deliver unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions.