NCUA examiners will begin using a new questionnaire, among other changes, when the agency's updated rules on interest rate risk management takes effect Sept. 30, the agency said in a letter this week.
The IRR rule covers all federally insured credit unions of $50 million or more and credit unions of $10 million to $50 million where "the sum of your first mortgage loans held and investments with maturities exceeding five years is equal to or greater than 100% of your net worth at quarter end," the NCUA letter said.
The new rule covers only 45% of the nation's credit unions but they hold 96% of credit union assets.
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