Removing Barriers Blog

NCUA Releases Supervisory Priorities for 2020
Posted January 10, 2020 by CUNA Advocacy

This week, NCUA issued a letter to credit unions describing supervisory priorities for 2020, as well as addressing NCUA’s efforts to continue to modernize the examination program.

NCUA identified the following supervisory areas it will focus on in 2020:

  • Bank Secrecy Act Compliance/Anti-Money Laundering
  • Consumer Financial Protection
  • Credit Risk
  • Current Expected Credit Losses (CECL)
  • Information Systems and Assurance (Cybersecurity)
  • LIBOR Cessation Planning
  • Liquidity Risk

For more on what specifically NCUA will look at in each of this areas, see CUNA’s Compliance Blog post: Examination Priorities for 2020.