NCUA's Supervisory Priorities for 2017

The National Credit Union Administration sent a letter to credit unions outlining its supervisory priorities this year.

The letter identified six areas of supervisory focus:

• Cybersecurity;
• Bank Secrecy Act compliance;
• Internal controls and fraud prevention;
• Interest rate and liquidity risk;
• Commercial lending; and
• Consumer compliance, especially changes to the Military Lending Act.

Read the letter.