Compliance Center: What You Need to Know About Washington DFI’s 2016 Examination Focus

Learn how you can better prepare for this year’s examinations; your question answered about contracts for third party services; plus this week’s legal briefs.

Compliance Center: Washington State DCU Releases 2015 Examination Priorities

DCU’s six 2015 exam priorities; question about ChexSystems report requests answered; and legal briefs.

NCUA Releases 2015 Exam Priorities

Priorities are similar to last year, including cyber security, interest rate risk, and money servicing businesses.

Recent NCUA Exams Focused on IRR Policies

In a recent CUNA Pressing CU Compliance Issues webinar, Jeff Anderson from PolicyWorks LLC said that credit unions have been reporting that the new requirement for IRR policies has garnered significant attention in recent NCUA exams.

Growing Mortgage Loan Portfolios Prompt New Regulations, Increased Scrutiny

Mark DeBree, director of Catalyst Strategic Solutions’ ALM Service and a featured presenter at the 2012 NWCUA Convention and Annual Business Meeting, discusses increasing examiner concern about rising real estate loan and IRR exposure.

NWCUA Regulatory Advocacy Update: Portland Hearing on Responsible Banking Resolution

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here are updates on Portland’s responsible banking resolution and new NCUA initiatives.

NCUA Issues Letter to Credit Unions on Interest Rate Risk

Credit unions with greater than $50 million in assets and those with assets between $10 and $50 million that meet a handful of other criteria have until Sept. 30 to adopt a written IRR policy and implementation program.

Compliance Question of the Week

Which credit unions does the NCUA require to have interest rate risk policies?

Legal Briefs

Your weekly update on the regulatory landscape.

Financial Regulators Release Interest Rate Risk FAQ

The Federal Financial Institutions Examination Council has reiterated “the need for sound management of interest rate risk” and highlighted sound practices in a new FAQ document.

Proposal Addresses Interest Rate Risk Management

In March the NCUA Board issued a proposed amendment to Part 741 that would require certain federally insured credit unions to have a written policy to address interest rate risk management, as well as an effective IRR program for successful asset liability management.