In the credit union system, expanding compliance requirements and increasing complexity of operations have made the work of credit union executives and their examiners more challenging. In an effort to assist the credit union system, NASCUS has prepared the following summary of supervisory priorities for the year. This summary incorporates priorities highlighted in the NCUA's 2013 supervisory focus, released in mid-January as well as additional priorities that NASCUS has gathered directly from state regulators.

Adoption of new technology

As technology continues to change how credit unions and their members interact, state regulators agree with the NCUA that credit union management of new technologies should be a critical examination priority for the next few years. State examiners will be looking for evidence that credit unions are practicing proper due diligence when implementing new technology. It is important to remember that new technologies go beyond accessing technologies such as mobile banking. They apply equally to the use of digital space for branding, such as social media or the offering of new products such as reloadable pre-paid products. All of these uses present technology driven risks that need to be identified, assessed and managed.