NCUA issued a Letter to Credit Unions (21-CU-08) providing details on the agency's transition to modernized systems. NCUA will begin this transition this month, and efforts include the implementation of emerging and secure technology that supports the NCUA’s examination, data collection, field of membership, and reporting efforts.
According to NCUA, these new applications will streamline processes and procedures and provide significant benefits to credit union users.
Applications affected include NCUA Connect, Admin Portal, Consumer Access Process and Reporting Information System (CAPRIS), Modern Examination & Risk Identification Tool (MERIT), and Data Exchange Application (DEXA).
To prepare credit unions for the transition to these new systems, the NCUA will provide credit union user training through various avenues, including: