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NCUA Issues Compliance Guidance to Corporate CUs

Noting that next year will be a "critical period for corporate credit unions," the NCUA issued a guidance letter detailing their compliance obligations under the new corporate credit rule approved by the NCUA Board in September.

By Claude R. Marx | Updated on December 14, 2010

Noting that next year will be a “critical period for corporate credit unions,” the NCUA issued a guidance letter detailing their compliance obligations under the new corporate credit rule approved by the NCUA Board in September.

The letter noted that business plans are due by March 31 and until then district examiners will be in frequent contact to “obtain an early understanding of your proposed strategic and capital compliance plans.”

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