Speaking to 150 members of the American Association of Credit Union Leagues today in Naples, Fla., NCUA Chairman Debbie Matz said is bolstering supervision in specific areas to help credit unions manage heightened risk.

“Whenever necessary, NCUA examiners will be taking public administrative actions to ensure compliance,” she stated. For example, Matz explained, “if a credit union has not addressed NCUA recommendations in a private Document of Resolution, examiners will likely follow up with a public Letter of Understanding and Agreement-or in more severe cases, a public Cease and Desist order.”

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