New Year, New Priorities: NCUA’s 2018 supervisory priorities; New HMDA tools available

I hope everyone had a wonderful and safe holiday season. As we recover from our holiday hangovers, its time to start thinking about all the things we want to accomplish this year. Whether it’s a personal goal like finally taking that vacation you’ve been planning for the past five years, or a professional one like sharpening your skills by attending Regulatory Compliance Seminar, we all have our priorities for the year. NCUA is no different.

In the last letter to credit unions of 2017, NCUA outlined its examination priorities for 2018. While many of their priorities remain the same as last year, they added a few that are discussed below. As a starting point, here are the ones that haven’t changed: internal controls and fraud prevention, interest rate and liquidity risk, commercial lending and the Military Lending Act. The new priorities are addressed below.


continue reading »