National Supervision Policy Manual At-A-Glance

A closer look at each of the guide's 12 chapters.

June 25, 2013

NCUA’s National Supervisory Policy Manual (NSPM) is an internal guide created to ensure examiners treat credit unions more uniformly throughout the agency’s five regions. The guide, which was released in 2012, includes:

  • Chapter 1District Management: Addresses scheduling exams and prioritizing tasks and responsibilities of the examiner.
  • Chapter 2Federal Credit Union Program and Procedures: Covers examinations, follow-up exams, on-site and off-site contacts, monitoring, and quarterly trending analysis.
  • Chapter 3FISCU Program and Procedures: Explains NCUA’s role in the review of federally insured state credit unions, including joint examinations; follow-up evaluations; on-site and off-site contacts and monitoring; and quarterly trending analysis. NCUA’s supervision efforts vary depending on the size of the FISCU, the risk to the NCUSIF, and other circumstances.
  • Chapter 4Quality Assurance Program: This chapter isn’t available in the public version of the NSPM.
  • Chapter 5—Audits, Record Keeping, and Fraud: Discusses in detail supervisory committee audits, including instructions to examiners for reviewing the audit and engagement letter and the member account verifications.
  • Chapter 6—Regulatory Waivers, Change of Officials, and Other Regulatory Actions: Establishes policy that NCUA staff will follow when processing and supervising waivers and other regulatory actions.
  • Chapter 7—CUSOs: Explains how NCUA identifies risks, examiners’ review process of CUSOs, and the distribution and maintenance of review reports.
  • Chapter 8—Office of Small Credit Union Initiatives (OSCUI) and the National Small Credit Union Program (NSCUP): Discusses enrollment of a credit union in the NSCUP and the relationship of the OSCUI with examiners.
  • Chapter 9—Bank Secrecy Act: Provides information on examiners’ role in enforcing BSA.
  • Chapter 10—Prompt Corrective Action (PCA): Discusses examiners’ role in PCA classification, reviewing earnings and reserve transfer requirements, and monitoring net worth restoration plans.
  • Chapter 11—Administrative Remedies: Establishes the procedures and controls for developing and processing specific informal and formal enforcement actions.
  • Chapter 12—Work Classification Code Definitions: Provides the classification codes used on examiners’ weekly time reports, including codes used by examiner subject matter experts.

Note: At the end of the National Supervision Policy Manual (NSPM) you’ll find a helpful list of acronyms and initials used throughout.