As credit unions have steadily recovered from the financial crisis, NCUA is now able to devote more resources to focusing on the future of the credit union industry. In 2014, NCUA will be working to ensure that credit unions identify and mitigate forward-looking risks before they threaten the viability of credit unions and the stability of the Share Insurance Fund.
NCUA’s primary responsibility is maintaining the safety and soundness of the credit union system. This involves supervising credit unions and enforcing compliance with rules intended to strengthen them. Mindful of the burdens that often accompany regulatory compliance, in 2014 we will continue our Regulatory Modernization Initiative and, in addition, are planning to streamline the exam process.