The League and the NJ READ group worked hard to bring a greater focus on the regulatory and compliance challenges facing our members, as well as develop and put forth solutions. So far, the NJ READ group launched 1st and 2nd Quarter regulatory and examination surveys with great success, the results of which caught the attention of regulators as well as others in the industry; including CUNA.
This led to NJCUL collaborating with fellow leagues in NCUA’s Region 2 on creating a survey that could be launched in a broader market. The participating Region 2 leagues are: California/Nevada, Delaware, Maryland & DC, New Jersey, Pennsylvania, Virginia, and West Virginia. The result is the 3rd Quarter Survey that is now titled CU READ (Credit Union Regulatory Examination Assistance and Development. The survey has been available to League credit union members at https://www.surveymonkey.com/s/cureadq3nj as of Friday, September 21.
As before, the CU READ Survey is intended to capture primarily ‘non-anecdotal’ and some ‘anecdotal’ data that will now be mined on an individual league level as well as rolled-up into a Region 2 league survey results report that will be shared with participating leagues, NCUA, CUNA, and the NJ Department of Banking and Insurance. Each league has the opportunity to individually share the results with its respective credit union members and regulators.
The NJ READ group will continue to communicate with NCUA to further facilitate positive change and implementation of solutions that make sense on behalf of New Jersey League credit union members.
Please help kickoff this collaborative effort by taking the 3rd Quarter CU READ Survey today! Visit https://www.surveymonkey.com/s/cureadq3nj to access the survey.
New Jersey credit union member CEOs, and/or their designees, are welcome to join the NJ READ group. The next meeting will take place October 30, 2012 from 10:00 a.m. – 2:00 p.m. To learn more about the program and the quarterly surveys or to register for the next meeting, visit www.njcul.org/njread.aspx.