14-CU-05 / March 2014
Liquidity Requirements Take Effect March 31
Federally Insured Credit Unions
Dear Board of Directors and Chief Executive Officer:
New regulatory requirements associated with NCUA’s final rule on Liquidity and Contingency Funding Plans (opens new window) (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) (Part 741.12) will become effective on March 31, 2014. These new requirements will apply to all federally insured credit unions except for corporate credit unions.1
For a complete overview of the requirements, please refer to NCUA Letter to Credit Unions, Guidance on How to Comply with NCUA Regulation §741.12 Liquidity and Contingency Funding Plans (opens new window) (13-CU-10), which was issued in October 2013.2
Enclosures in this new letter provide further insight into NCUA’s plans to examine for compliance. NCUA has developed the enclosed Supervisory Letter and examination questionnaire for examiners to use when reviewing liquidity risk management at credit unions.
If you have any questions about liquidity and contingency funding plans, I encourage you to contact your regional office or state supervisory authority.
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