NJ READ 2nd Quarter Working Group Meeting to Reveal Results of First NJ READ Survey; Next Steps: Meet with NCUA, Explore Solutions

Posted by Marissa Anema Wednesday, April 18, 2012 4:39:00 PM


The 2nd Quarterly NJ READ (Regulatory Examination Assistance & Development) Working Group meeting will be held Tuesday, April 24, 2012, from 10:00 a.m. – 2:00 p.m. in the League’s Education Center. At the meeting, we will reveal the results of our 1st quarter NJ READ survey. Among our next steps are to meet with NCUA to review the results and look for solutions in problem areas. To register for the meeting, email mzelinsky@njcul.org or call ext. 100, or visit www.njcul.org/njreadmeetings.aspx. All New Jersey credit union member CEOs or their designees, are encouraged to join the NJ READ group and to register for the upcoming meeting.

The NJ READ working group focuses on state and federal regulatory challenges for credit unions (no matter asset size) as well as current and proposed regulations, including “hot” topic issues with regulations. A core group of CEO participants met January 24 at the inaugural meeting to identify examination issues/challenges and to recommend process improvements. The NJ READ group’s efforts are intended to contribute to ongoing communications to NCUA and key agencies that will allow the League to be the “voice” of credit union members when interacting with these agencies.

The January 24 working group contributed to the creation of an examination and regulatory survey that was launched in February of this year and concluded its availability on March 30. The results of the survey and a draft of the report will be revealed at the April 24 NJ READ meeting. Once the report has been finalized the League intends to set up a meeting with the NCUA Region II staff to go over the report findings. There will be more information to come for those who might wish to represent NJ Credit Unions at this event.

We can make a difference! Join your fellow credit union leaders at the April 24, 2012 meeting from 10:00 a.m. – 2:00 p.m. To learn more about the program and to register for the next meeting email mzelinsky@njcul.org or call ext. 100 by April 20, or you may visit www.njcul.org/njreadmeetings.aspx.


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