To our clients and friends:
On January 7, 2025, the National Credit Union Administration (the “NCUA”) issued to all federally-insured credit unions Letter 25-CU-01 entitled “NCUA’s 2025 Supervisory Priorities.” The NCUA notes that its supervisory priorities focus on the areas posing the highest risk to credit union members, the credit union industry, and the National Credit Union Share Insurance Fund. In addition to noting the areas of supervisory focus in the coming year, the guidance collects prior guidance issued by the NCUA, which every credit union should review and be familiar with before any upcoming examination. Our Alert regarding the NCUA’s supervisory priorities is available here.
Luse Gorman routinely advises credit unions on compliance issues, regulatory questions, and enforcement actions, and counsels those institutions on the impacts of new developments at the federal and state level. To learn more about our firm and services, please visit our website.