Attention Credit Union CEOs: Make Your Voice Heard, Complete the NJ READ Survey Today

Posted by Marissa Anema Wednesday, March 07, 2012 8:41:00 AM

 

HIGHTSTOWN, N.J. - The League wishes to thank the CEOs that have participated in the NJ READ Survey to date, however, there is still an underwhelming number of New Jersey Credit Union leaders that have taken the First Quarter NJ READ Survey launched last month.

Responding to the survey is easy and only takes 15-30 minutes of your time. You don’t have to wait until your next exam to participate. You can provide feedback on all of the survey or just portions. The survey is broken up into sections that cover a credit union’s past examination and/or follow-up visitation by NCUA examiner(s), as well as current regulatory matters that are important to industry and finally, a chance to comment on key agency proposals. YOU can make a difference in having credit unions’ collective ‘voice’ heard through the regulatory quagmire credit unions are currently stuck in, but only IF you take the time to complete the NJ READ Survey, which can be found at www.surveymonkey.com/s/NJREADQ1.

The NJ READ Survey is intended to capture primarily non-anecdotal and some anecdotal data that the League will compile in a report to share with and educate regulators with the goal to drive the process toward an improved regulatory environment and identify best practices that would benefit some credit unions.

The deadline for completion of the survey is March 30, 2012.

Please note: We will not share any specific CU exam findings by name. The intent is to alert NCUA and other regulatory agencies to exam practice trends in our state. Your CU’s individual responses will not be identified. All information will be aggregated. We have alerted NCUA that we are engaging in this survey, and they have committed to evaluating the results and working with us.

For more information on NJ READ, including reports, meeting dates, updates, and resources, visit the League Web site at www.njcul.org/njread.aspx.

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