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April 26, 2019

CECL, RBC in NAFCU's Monitor survey; responses due May 3

surveyNAFCU-member credit unions have until next Friday to submit responses to this month's Economic & CU Monitor survey, which is focused on the NCUA’s regulatory priorities.

The survey includes questions related to the agency's risk-based capital rule, the National Credit Union Share Insurance Fund's (NCUSIF) normal operating level and FASB's current expected credit loss (CECL) standard. There are also questions related to the industry's outlook on growth, loan demand and economic risks, among others.

Responses to the Monitor survey are due May 3; the survey can be filled out online.

NAFCU relies on survey responses to provide its members a glimpse into the trends affecting the credit union industry as a whole. The association also uses survey responses to inform its advocacy efforts on Capitol Hill and with regulatory agencies such as the NCUA, the Consumer Financial Protection Bureau and the Federal Reserve.