The National Credit Union Administration (NCUA) and six state regulators will launch an alternating examination pilot program involving a select group of federally insured, state-chartered credit unions, beginning Jan. 1, 2019.
The pilot will run for one full alternating cycle, approximately three years, and is designed to help the NCUA and state regulators determine how an alternating examination program could improve coordination and make the best use of federal and state resources.
Read on to learn more about the intent of the pilot.