Topic: Interest Rate Risk (IRR)
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NCUA: Supervisory Letter to Credit Unions No. 22-01 – Updates to Interest Rate Risk Supervisory Framework (September 2022)
This letter revises the risk management expectations for credit unions over $50 million in assets described in Letter to Federally Insured Credit Unions 16-CU-08, Revised Interest Rate Risk (IRR) Supervision, effective […]
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NCUA’s 2024 Supervisory Priorities
NEWS: The NCUA outlined its 2024 supervisory priorities and examination focus areas in its Letter to Credit Unions 24-CU-01. The NCUA will continue to conduct onsite and offsite examination and supervision activities. […]
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OCU issues new letter to credit unions on derivatives
NEWS: Wisconsin’s Office of Credit Unions has published Letter CU 4-21: Derivatives. It repeals and replaces a 2014 OCU letter, which set forth a process for Wisconsin credit unions to obtain authority […]
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NCUA: Examiner’s Guide – Chapter 13: Asset Liability Management – Interest Rate Risk
Interest Rate Risk (IRR) – This section of the Examiner’s Guide addresses the following topics: What is interest rate risk (IRR)? Why does NCUA evaluate a credit union’s IRR exposure? What […]
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NCUA: Letter to Credit Unions No. 13-CU-10 – Guidance on How to Comply with NCUA Regulation § 741.12 Liquidity and Contingency Funding Plans (October 2013)
Advises credit unions of their responsibilities under the liquidity rule, explains the reasons for the rule, and provides guidance on certain liquidity planning expectations and provisions of the rule. ENCL: […]
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NCUA: Letter to Credit Unions No. 10-CU-14 – (August 2010)
Strengthening Funding and Liquidity Risk Management “Interagency Policy Statement on Funding and Liquidity Risk Management” contains interagency guidance issued by the federal financial institution regulators, including the NCUA. It explains […]
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NCUA: Letter to Credit Unions No. 10-CU-06 – Interagency Advisory on Interest Rate Risk Management (May 2010)
The Advisory addresses prudent IRR management practices, especially in light of current financial market and economic conditions. It is consistent with existing NCUA guidance and stresses the importance of effective: […]
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NCUA: Letter to Credit Unions No. 06-CU-16 – Interagency Guidance on Nontraditional Mortgage Product Risk (October 2006) (encl)
NCUA and the other federal regulators issued this guidance to address risks posed by residential mortgage products that allow borrowers to defer repayment of principal and sometimes interest. Such products […]
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NCUA: Letter to Credit Unions No. 06-CU-16 – Addendum to Credit Risk Management Guidance for Home Equity Lending (October 2006) (encl)
The federal regulators provide guidance addressing the timing & content of communications with consumers obtaining interest-only HELOCs. The agencies are concerned that consumers may not fully understand the product terms […]
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NCUA: Interagency Advisory on Interest Rate Risk Management (January 6, 2010)
The federal financial regulators remind institutions of supervisory expectations regarding sound practices for managing interest rate risk (IRR). The regulators recognize that some degree of IRR is inherent in the […]