Completing the LIBOR Transition

April 26, 2023

The NCUA issued Letter to Credit Unions (LTCU) 23-CU-03. The letter directs credit unions to the Joint Statement on Completing the LIBOR Transition, issued by NCUA together with four federal financial institution regulatory agencies, and the state bank and credit union regulators.  The joint statement reminds supervised institutions that U.S. Dollar (USD) LIBOR panels will end on June 30, 2023.

NCUA directs credit unions to contact their appropriate NCUA Regional Office or state supervisory authority for any assistance.

Additional guidance on the LIBOR Transition Plans can be found in NCUA LTCU 21-CU-03.