The NCUA announced a realignment of its regional supervision of federally insured credit unions, effective Jan. 1, 2014.
According to NCUA Board Chair Debbie Matz, “we continually monitor our regional workload, and when necessary, make adjustments to distribute exam hours proportionally.” The proposed changes of reconfiguring the regions to create geographically compact districts are expected to reduce travel costs by more than $900,000 per year.
Nine states were impacted by the regional shift including Colorado, Montana, New Mexico, Wyoming, Louisiana, Arkansas, Wisconsin, Ohio and California. The new regional structure can be found here.
According to the NCUA press release, each region will now have between 114 and 128 examiners. The NCUA expects the transition to be complete with minimal disruption to staff and to credit unions.