Skip to main content
United States flag An official website of the United States government
Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
Show

Supervising Low Income Credit Unions and Community Development Credit Unions

10-CU-01 / January 2010
Supervising Low Income Credit Unions and Community Development Credit Unions
To
Federally Insured Credit Unions
Subject
Examination Program
Status
Active
To
Federally Insured Credit Unions
Subj
Supervising Low Income Credit Unions and Community Development Credit Unions
Dear Board of Directors:

Enclosed is a Supervisory Letter entitled, Supervising Low Income Credit Unions and Community Development Credit Unions. We recently issued this guidance to all NCUA examiners. The primary focus of the guidance is to discuss the characteristics, benefits, and unique challenges of low income credit unions and community development credit unions. However, the contents of the Supervisory Letter are applicable to all credit unions in their continuing efforts to serve members of modest means.

One of the primary reasons for the creation of credit unions is to make credit available to people of modest means for productive purposes. This guidance was developed based on discussions with dedicated low income credit union management. You may find the enclosed guidance helpful as you strive to meet the needs of your membership.

Sincerely,
Debbie Matz
Chairman

Footnotes

Last modified on