January 18, 2022

NCUA Releases 2022 Supervisory Priorities

The National Credit Union Administration (NCUA) released the Letter to Credit Unions 22-CU-02 outlining the agency's examination program priorities for 2022. Supervisory priorities for 2022 cover:

  • Credit Risk Management,
  • Information Security (Cybersecurity),
  • Payment Systems,
  • BSA/AML Compliance,
  • Capital Adequacy and Risk Based Capital Rule Implementation,
  • Loan Loss Reserving,
  • Consumer Financial Protection,
  • Fraud,
  • LIBOR Transition,
  • Interest Rate Risk, and
  • Exam Program Updates

To read the letter, visit https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/ncuas-2022-supervisory-priorities.

Please contact Elisabeth Esposito at eesposito@buckleytechgroup.com for more information on how your credit union can prepare for upcoming exams.