The Texas Credit Union Department wants to get reimbursed from the industry for expenses incurred for "unusual or extraordinary" examination cases, it disclosed Wednesday.
In a proposed June 18 rule out for comment this month, Texas CU Commissioner Harold E, Feeney said the agency may seek "direct reimbursement for time and actual expenses incurred by the department" for CU examinations deemed extraordinary.
Expenses including "personnel and transportation costs, meals, lodging and incidentals" would be declared "unique and directly attributable to an individual credit union," said the proposed rule issued by the Texas Credit Union Commission.
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