Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA provides risk-concentration guidance to CUs
WASHINGTON (4/7/10)--In a supervisory letter (Letter to Credit Unions: 10-CU-03) released on Tuesday, National Credit Union Administration (NCUA) Chairman Debbie Matz encouraged credit union officials “to understand the concentration risk in their credit union’s current balance sheet, as well as how strategic plans may affect the level of concentration risk.” In the letter, which reflects guidance that the NCUA recently provided to its own examiners, Matz also asked credit union officials to “ensure” that “their risk management practices are commensurate with the level of risk” found on their balance sheets. Additionally, credit unions should “open a dialogue with examiners to consider the suitability of existing risk management practices given the risks inherent in any concentration,” and should consult regional, district or state credit union authorities if any other questions arise, Matz said. A recent Federal Financial Institutions Examination Council (FFIEC) advisory on Interest Rate Risk Management can also provide additional guidance, if needed, Matz added. For the NCUA guidance and an NCUA supervisory letter on concentration risk, use the resource link.
Other Resources

RSS





print
News Now LiveWire
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
1 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
1 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
2 hours ago
Pennies, nickels cost more to make than they are worth @usmint report http://t.co/FOT51DF8v2
2 hours ago
Strong biz lending leads 3Q loan growth at Minn. #creditunions http://t.co/DKYjyj6iC3
3 hours ago