Tuesday, January 12, 2016

NCUA's Supervisory Priorities for 2016

The National Credit Union Administration (NCUA) issued a letter to federally insured credit unions regarding its supervisory priorities for 2016.

The letter is intended to assist credit unions in preparing for their next NCUA examination.

NCUA noted that field staff will focus on the following issues this year: cyber-security, Bank Secrecy Act compliance, interest rate risk, TILA-RESPA integrated disclosure rule, credit union service organization reporting, and incident response procedures regarding unauthorized access to members information.

Read the letter.
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