NCUA Pens Offsite Examination and Supervision Approach Letter to Credit Unions

"In response to the COVID-19 pandemic, the NCUA mandated a strict offsite policy for all employees and contracted support staff as of March 16, 2020. All NCUA examinations will take place offsite through May 1, 2020, and this offsite policy will remain in effect until further notice," reads the agency's latest letter to credit unions. "The agency will reevaluate this approach through the duration of the COVID-19 pandemic and will notify credit unions of any changes to the procedures."

The letter details the agency's current and near-future prioritization regarding credit union examinations.

Read the letter in full here.