The National Credit Union Administration (“NCUA”) highlighted supervisory priorities for the 2022 examination program.
In a letter to its members, the NCUA stated that, due to ongoing COVID-19 concerns, credit union examinations will continue to be conducted primarily offsite, and its “flexible examination scheduling policy” remains in place for 2022.
NCUA stated that its examiners will focus on, among other things: credit risk management – adjustments made to lending programs that address financial hardships, and policies related to loan workout strategies, risk-management practices, and programs for distressed borrowers under the CARES Act and the Consolidated Appropriations Act; information security – ensuring […]
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