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The economic fallout from the COVID pandemic is driving a concerning rise in credit union commercial loan risk. To address this challenge, the NCUA and its sister agencies released new Interagency Guidance in June 2020 to reinforce their expectations for how financial institutions should monitor credit risk within their portfolios.

The guidance provides a broad set of practices that can be used to form a credit risk review system consistent with safe and sound lending practices. Although this guidance is designed for all types of lending, it is especially relevant for commercial lending operations.

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