NCUA Letter to Credit Unions: Risk-Focused Examinations and Compliance Risk

NCUA developed a Supervisory Letter to provide examiners with guidance about the updated list of compliance risk indicators that are part of NCUA’s Risk-Focused Examination (RFE) Program. The updated list of indicators does not impose any new or higher supervisory expectations for credit unions. The updates to the indicators will take effect on March 31, 2017.

The guidance will ensure NCUA examiners continue to take a consistent approach when evaluating a credit union’s ability to manage compliance risk. NCUA staff will also continue to consider such factors as the credit union’s size, complexity, and risk profile as part of their evaluation.

The updated list of indicators builds upon the current set and provides additional guidance for field staff in assigning the compliance risk rating. The compliance risk rating continues to be one of the seven existing risk categories in the RFE Program.

For more information, see NCUA’s Letter to Federal Credit Unions 02-FCU-09, “Risk-Focused Examinations.”


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