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8/5/2014
CUNA Mutual: Growing Unsecured Loans

RULE: Letter No. 14-CU-05: Liquidity and Contingency Funding Plans
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RULE: Letter No. 14-CU-05: Liquidity and Contingency Funding Plans

3/31/2014

When: 03/31/2014

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The NCUA has issued Letter 14-CU-05 to federally-insured credit unions regarding the new regulatory requirements associated with NCUA Regulation ยง741.12 on liquidity and contingency funding plans, which will become effective March 31, 2014.  This rule applies to all federally-insured credit unions, but will not apply to corporate credit unions.  The letter provides further information concerning how NCUA will approach compliance with the new rule in its examinations, and provides a Supervisory Letter that includes the liquidity review questionnaire, as well as the accompanying AIRES checklist.
 
 

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