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NAFCU's latest Compliance Monitor analyzes the NCUA's supervisory priorities for 2017 – highlighting NAFCU resources on each issue – and the agency's extended exam cycle plans.

NAFCU Regulatory Compliance Counsel André Cotten outlined the NCUA's supervisory focus points for the year and linked to relevant NCUA and NAFCU resources on each topic, including cybersecurity, Bank Secrecy Act compliance, internal controls and fraud prevention and commercial lending.

Cotten also reviewed the NCUA's risk-based examination scheduling policy, under which eligible federal credit unions will qualify for an extended exam cycle of 14 to 20 months.

To be eligible for the extended exam cycle, credit unions must: have assets of less than $1 billion; have CAMEL codes of 1 or 2 in both the composite and management component rating; be considered "well-capitalized" under prompt corrective action regulations; have no outstanding documents of resolutions related to recordkeeping deficiencies; and not be operating under an enforcement or administrative order.

Also in the March Monitor, NAFCU Vice President of Regulatory Compliance Brandy Bruyere reviewed how the Americans with Disabilities Act can impact credit union websites.