February 16, 2012 - 4:22pm
#1
I am trying to do some benchmarking against other credit unions to find out how they are "dealing with" NCUA Letter to CU 10-CU-03 regarding "Concentration Risk." During our 2011 examination, our examiner said that we were required to comply with the letter and wrote us up for non-compliance. I am trying to assist management with developing compliance with the letter. Would anyone be able to share how your credit union has reacted to this guidance and what types of policies, procedures or reporting has been put in place to comply? Thank you.
