Letters to Credit Unions — Provide guidance on specific NCUA policies and procedures, compliance, governance, and other timely issues that affect all federally insured credit unions.

Jan 7, 2025 · The NCUA urges your credit union’s board of directors to prioritize cybersecurity as a top oversight and governance responsibility, as outlined in NCUA Letter to Credit Unions 24 …

Nov 14, 2024 · Beginning on September 1, 2023, all federally insured credit unions must notify the NCUA as soon as possible after the credit union reasonably believes it has experienced or …

On December 10, 2024, NCUA issued a Letter to Credit Unions (Letter), 24-CU-03, about consumer harm stemming from certain overdraft and non-sufficient funds (NSF) fee practices. …

This supervisory letter provides information about the Bank Secrecy Act (BSA) customer due diligence (CDD) and beneficial ownership rules, and establishes a consistent framework for …

NASCUS keeps up to date on the latest regulatory updates, summaries, and letters to credit unions.

On January 22, 2024, the NCUA issued Letter to Credit Unions 24-CU-01 outlining the agency’s Supervisory Priorities for 2024. According to the letter, NCUA is focusing on areas they …

Federally insured corporate and natural person credit unions will receive CAMELS component and composite ratings from the NCUA based on the new CAMELS rating system, beginning …

Nov 14, 2024 · Federally insured corporate and natural person credit unions will receive CAMELS component and composite ratings from the NCUA based on the new CAMELS rating system, …

Jan 24, 2024 · In July 2023, the NCUA issued Letter to Credit Unions 23-CU-06, Importance of Contingency Funding Plans, adding an addendum to the 2010 Interagency Policy Statement …