NCUA Announces Preliminary Reopening Plan; CUNA Announces Recovery Task Force

The National Credit Union Administration may begin a reopening transition plan that could include voluntary on-site credit union exams as early as July 6, NCUA Chairman Rodney Hood said Thursday.

In a letter to credit unions, Hood said the agency has conducted a workforce readiness survey, obtained guidance from relevant federal agencies, and partnered with a public health firm to advise the agency on COVID-19-related matters.

Hood wrote that the NCUA has developed a multi-phase transition plan for the resumption of its on-site operations and is prepared to begin implementing it.

“The NCUA’s top priority is that of ensuring the health, safety, and well-being of its staff while executing the agency’s mission,” Hood wrote.

He said the transition plan may begin as early as July 6, adding that it has built-in flexibility if a delay is necessary. During the first phase, the NCUA will continue to encourage staff to work remotely and will limit the number of employees working in its offices. The NCUA also will implement social distancing and will distribute protective supplies to field and office staff.

As the credit union industry contemplates how and when to re-open, the Credit Union National Association has  announced the formation of a Restart and Recovery Task Force. The task force will include CUNA officials, representatives of state leagues and credit union employees.

 “The Credit Union System COVID-19 Restart and Recovery Task Force is intended to act as an indispensable resource and partner to the credit union movement as stakeholders balance member needs and staff well-being moving forward,”  CUNA Chief Engagement Officer Greg Michlig said.

The task force will meet biweekly to discuss such issues as business continuity, digital services and automation and staffing and operations.

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