NCUA outlined its supervisory priorities for 2017 in a letter sent to credit unions (17-CU-01). The letter is intended to assist credit unions in preparing for their next examination.
“NCUA field staff will continue to use the streamlined small credit union exam program procedures for credit unions with assets up to $50 million and CAMEL ratings of 1, 2, or 3,” the letter reads. “For all other credit unions, field staff will conduct risk-focused examinations, which concentrate on the areas of highest risk, new products and services, and compliance with federal regulations.”
The primary areas of supervisory focus are: