NCUA announces beginning of Phase 2 of on-site operations

Based on new guidance from the Centers for Disease Control and Prevention and the Safer Federal Workforce Task Force, the NCUA told credit unions on Wednesday that it will enter the second phase of resuming its on-site operations on April 11, 2022.

Phase 2 permits NCUA staff to volunteer to work on-site, including conducting examination and supervision work at credit unions located in counties with low or moderate COVID-19 community levels, as defined by the CDC. On-site work in counties with high COVID-19 community levels may be allowed when necessary and with prior approval from NCUA management, the NCUA said.

During Phase 2, the agency will continue to conduct examination steps offsite “when feasible and appropriate.” When scheduling examinations, the agency will continue to take into account any challenges a credit union is facing, such as the availability of key staff, and will work with credit union management to identify a suitable time to conduct the examination.

The NCUA previously announced the implementation of Phase 1 of its phased approach to returning to on-site operations in a July 2021 letter to credit unions.   

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