ALEXANDRIA, Va.–The workforce reductions at NCUA will result in some modifications to the exam schedules for credit unions, based on risk, according to agency staff.

During the NCUA board meeting staff said the schedule will generally include, with some exceptions:

• Credit unions with assets greater than $1 billion and less than $15 billion in assets that are well-run and well-capitalized will be examined every 12 to 18 months, or up to 20 months for those with net worth ratios greater than 10%
• Well-run, well-capitalized federal credit unions with assets less than a billion dollars will receive an examination generally every 14 to 24 months
• Smaller, federally insured, state chartered credit unions are going to receive an examination as needed and based on coordination between the NCUA regional office and the state supervisory authority, staff said.
• Credit unions with less favorable composite CAMELS ratings and lower net worth, or those that have been chartered for less than 10 years, are going to receive an examination every eight to 12 months 

Staff added the caveat that examiners do have the ability to start an exam before or after these time frames with regional management approval.