Examination and Supervision

America’s Credit Unions constantly engages with the National Credit Union Administration (NCUA) to advocate on behalf of the credit union industry. We advocate for principles-based regulation and urge the NCUA to rely on the formal notice-and-comment rulemaking process rather than guidance when making regulatory changes. America’s Credit Unions urges the NCUA and every regulator to consider the cumulative regulatory burden faced by credit unions when considering new regulations, and we vigorously oppose efforts to place arbitrary limits on noninterest income.

For credit unions’ compliance with the Bank Secrecy Act and anti-money laundering requirements (BSA/AML), and other Financial Crimes Enforcement Network (FinCEN) regulations, America’s Credit Unions continues to support an increase to filing thresholds for suspicious activity reports (SARs) and currency transaction reports (CTRs).