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About
About
Created by the U.S. Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.
Regulation & Supervision
Regulation & Supervision
The NCUA protects the safety and soundness of the credit union system by identifying, monitoring and reducing risks to the National Credit Union Share Insurance Fund. Backed by the full faith and credit of the United States, the Share Insurance Fund provides up to $250,000 of federal share insurance to millions of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
Analysis
Analysis
The NCUA’s economists and analysts compile data on the credit union system’s financial performance, merger activity, changes in credit union chartering and fields of membership, as well as broader economic trends affecting credit unions. Users can find information on a single credit union or analyze broader nation-wide trends.
Support Services
Support Services
The NCUA provides a number of support services to the credit union system, such as providing training, grants and loans, chartering, and field-of-membership services; maintaining the health and stability of Share Insurance Fund; managing the assets of failed credit unions; and providing emergency liquidity.
Consumers
Consumers
The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being.
News
News
Stay up to date on the NCUA's activities by subscribing to the NCUA's Express messages. Read press releases, speeches, testimony, and Annual Reports. Register for upcoming conferences and events.
Cybersecurity Resources
Cybersecurity Resources
Cyberattacks and cybersecurity vulnerabilities pose significant risks to the financial system. Because of vulnerabilities within the credit union industry and the broader financial system to potential cyberattacks, cybersecurity is one of the NCUA’s top supervisory priorities and a top-tier risk under the agency’s enterprise risk-management program.

Guidance on How to Comply with NCUA Regulation 74112 Liquidity and Contingency Funding Plans

13-CU-12 / November 2013

Guidance on How to Comply with NCUA Regulation 74112 Liquidity and Contingency Funding Plans

To

Federally Insured Credit Unions

Subject

Risk Management

Status

Active

To

Federally Insured Credit Unions

Subj

Guidance on How to Comply with NCUA Regulation 74112 Liquidity and Contingency Funding Plans

Encl

Supervisory Letter—Enterprise Risk Management (ERM)

Dear Board of Directors and Chief Executive Officer:

Sound risk management is crucial to the ongoing success of any credit union. However, the approach taken to achieve effective risk management can vary from organization to organization.

NCUA’s examination process requires examiners to gauge the overall effectiveness of a credit union’s risk management process based on an evaluation of several components, as well as an understanding that each credit union’s approach will be tailored to its individual business strategy and risk tolerance.

The enclosed Supervisory Letter is intended to clarify NCUA’s supervisory expectations regarding credit unions’ risk management systems.

I encourage you to review this letter and to contact your regional office or state supervisory authority if you have any questions on this subject.

Sincerely,

/s/

Debbie Matz
Chairman

Enclosures

Supervisory Letter—Enterprise Risk Management (ERM)

Last modified on

10/27/20