The NCUA has several initiatives in process to improve and modernize how the agency conducts examinations and supervision. The goals of these initiatives are to replace outdated, end-of-life examination systems, streamline processes, adopt enhanced examination techniques, and leverage new technology and data to maintain high quality supervision of federally insured credit unions with less onsite presence.
The Enterprise Solution Modernization (ESM) program is a multi-year effort to introduce emerging and secure technology solutions that support the NCUA’s examination, data collection and reporting efforts to improve key, integrated business processes.
Exam Flexibility Initiative
The Exam Flexibility Initiative internal working group was created in 2016 to evaluate the agency's largest function-its examination and supervision program.
Call Report Modernization
In May 2016, the NCUA Board announced an initiative to modernize how the agency collects critical regulatory and financial data from credit unions. The project is managed by an internal working group and will engage external stakeholders during its efforts.
Virtual Examination Program
In November 2017, the NCUA Board approved funding for virtual exam exploration and research. The agency’s goal is to transform within the next five to ten years the examination and supervision program into a predominately virtual one for credit unions that are compatible with this approach.