NCUA Publishes National Supervision Policy Manual
November 16 , 2012
The National Credit Union Administration (NCUA) recently released a public version of its new National Supervision Policy Manual (NSPM). The manual describes the agency’s internal operations and procedures for supervisory staff.
The manual is the product of a two-year NCUA project to create uniform operations and procedures for supervision throughout the country and improve the federal agency’s ability to operate efficiently across regions. “The new manual brings more consistency and clarity to NCUA’s supervisory operations and procedures across the country,” said NCUA Board Chairman Debbie Matz. “In the past, practices have sometimes varied by region, and we felt it was important to bring these processes into a framework to improve and standardize credit union supervision.”
NASCUS is reviewing the 293 page manual now with particular emphasis on chapter 3 (pages 53-74) on FISCU Programs and Procedures. A copy of the public manual is available here: http://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/SupervisionManual.pdf.
Let us know your thoughts on the manual by emailing Jenny Champagne at email@example.com.