Oahu Aloha Chapter welcomes new NCUA Hawaii Supervisory Examiner

on "May 05, 2021 8:44 am"

A highlight of its May 4 Zoom meeting, the Oahu Aloha Chapter featured a virtual meet-and-greet with Hawaii’s new NCUA Hawaii Supervisory Examiner Mimi Cadzow. She fills the position vacated by Debra Pockat who recently retired.

Cadzow has been with NCUA for over 32 years, working as an examiner, problem case officer, and, for the last 10 years, a supervisor in California.

Still located in California, Cadzow plans on relocating to Hawaii in the Fall.

“Once we are allowed to go onsite, I plan on visiting each and every credit union to put a face and name on each to of you and get familiar with everyone,” Cadzow explained.

Credit union asked about staff changes within Hawaii NCUA examiners, including the retirement of a long-time examiner.

“Many of you know Mike Oster retired effective May 1. In addition, Susan Roberts is leaving Hawaii for Texas effective July 1. I am currently reviewing applications and plan to hire a new examiner,” Cadzow said. She reassured credit unions that although new staff will be onboard, the examination process remains the same.

When asked what top concerns credit unions to consider, Cadzow noted succession planning, Allowance for Loan and Lease Losses (ALLL), and changes to Financial Protection Consumer Financial Protection credit risk management. She referred credit unions to the January 2021 Supervisory Letter on NCUA’s 2021 Supervisory Priorities for a complete list of priorities.

Cadzow noted the “revolving door” of supervisory examiners in Hawaii with new ones coming every 2-3 years. She said communication is key and hopes this will strengthen the relationships between examiners and Hawaii credit unions.