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National Supervision Policy Manual (NSPM)

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By PolicyWorks    No Comments

If there’s a silver lining to the cloud that is regulatory compliance, it may be the fact that the rules with which we have to comply are not a secret. The rules are out there, in black and white, whether it be in the Federal Register, the Code of Federal Regulations, the NCUA’s Letters to Credit Unions, or any number of other sources. One challenge  is the sheer volume of the rules, and that’s not going away, as you know. Another challenge has occasionally been the consistent application of those rules. The NCUA has recently taken a step toward meeting this second challenge by publishing  its new National Supervision Policy Manual (NSPM).

From the NCUA’s press release, “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.”

A copy of the new manual is available here: http://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/SupervisionManual.pdf

I encourage you to take a look at the manual, and consider it one more of a wide array of tools available to assist you with you compliance challenges.

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