Section 741.3(b)(5) of NCUA’s rules and regulations requires federally-insured credit unions with assets of more than $50 million to develop, as a prerequisites for insurability of its member deposits, a written interest rate risk management policy and a program to effectively implement the policy. The need for FICU to have a written policy to establish responsibilities and procedures for identifying, measuring, monitoring, controlling, and reporting, and establishing risk limits are essential components of safe and sound credit union operations and to ensure the security of the National Credit Union Share Insurance Fund (NCUSIF).
The latest form for Requirements for Insurance - Interest Rate Risk Policy expires 2021-10-31 and can be found here.
Document Name |
---|
Supplementary Document |
Supporting Statement A |
Approved without change |
Extension without change of a currently approved collection | 2021-10-29 | |
Approved without change |
Extension without change of a currently approved collection | 2018-03-20 | |
Approved without change |
Revision of a currently approved collection | 2015-01-23 | |
Approved without change |
New collection (Request for a new OMB Control Number) | 2012-02-14 | |
Comment filed on proposed rule |
New collection (Request for a new OMB Control Number) | 2011-10-28 |