CUNA Comment Letter

NCUA Examination Survey

September 10, 2003

Mr. Neil McNamara
National Credit Union Administration
1775 Duke Street
Alexandria, VA 22314-3428

Dear Mr. McNamara:

The Credit Union National Association (CUNA) appreciates this opportunity to comment on the Examination Survey, which NCUA is submitting to the Office of Management and Budget for review and clearance under the Paperwork Reduction Act of 1995. CUNA, a national trade association, represents more than 90 percent of the nation’s 10,000 state and federal credit unions.

This Survey, which NCUA furnishes to credit unions following the completion of an examination of their credit union, is important because it allows the credit union the opportunity to provide opinions, comments, and suggestions concerning the examination process. NCUA uses the information to evaluate and improve the examination process.

We commend NCUA for updating the Examination Survey in January 2003 to center on the agency’s new risk-focused examination process. We also commend NCUA for revising the form to include a focus on communication between the examiner and the management and officials of the credit union throughout the examination process.

We offer the following two suggestions that we believe will further improve the Survey:

Thank you for the opportunity to share our comments. If you have questions about this letter, please feel free to contact me at (202) 508-6736.

Sincerely,

Mary Mitchell Dunn
Associate General Counsel
and Senior Vice President