Each year, the NCUA sends out a supervisory priorities letter to credit unions. In it, they share modernization updates, regulatory changes, and their supervisory priorities.
This year, the NCUA’s goals appear somewhat to continue what they started in 2019. However, there are a few new areas of regulatory focus on the docket as well.
If you work in a credit union—and especially if you ever help with audits or exams—then you should check out Redboard’s introduction to the 2020 supervisory priorities letter.