The National Credit Union Administration (NCUA) wrote to covered credit unions to detail its multi-phase transition plan for resuming on-site examinations.
The phased transition plan provides a framework for how and when staff resumes an on-site presence at both NCUA offices and credit unions and could begin as early as July 6.
NCUA wrote that it had conducted a workforce readiness service and partnered with a public health firm to advise the agency on pandemic-related matters.
“The NCUA’s top priority is that of ensuring the health, safety, and well-being of its staff while executing the agency’s mission,” the regulator said in its letter to credit unions.
The first phase may include voluntary on-site examinations, with NCUA communicating specific implementation details before it begins.
“During the first phase, the NCUA will continue to encourage both field and office staff to work remotely when possible and has placed prudent limits on the number of staff working in our offices,” the agency said. “The NCUA will also implement social distancing and other precautionary measures in its offices to ensure the health and safety of its staff. Additional precautionary measures will include the distribution of appropriate protective supplies to both field and office staff.”
NCUA said it would continue to monitor the pandemic’s impact as tit transitions to normal on-site operations, and will notify credit unions of any changes to procedures and exam protocols.
“The agency will continue to coordinate examination and supervision efforts with state supervisory authorities during this time,” NCUA said. “If you have questions, please contact your NCUA regional office.”