This article provides an in-depth summary and resources for NCUA’s 2019 supervisory priorities, including: BSA, cybersecurity, concentration risk, interest rate risk and consumer compliance.
In its first letter to credit unions of the year, the National Credit Union Administration (NCUA) outlined its primary supervisory priorities for 2019. In the letter, the agency noted that the extended exam cycle is expected to be fully implemented in 2019 for qualifying credit unions. NCUA’s examiners will continue to use the streamlined small credit union exam program procedures for most credit unions with an asset size of $50 million or less. All other examinations will be risk-focused, concentrating on the areas of highest risk, new products and services and compliance with federal regulations.
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