NCUA urges credit unions to comment on climate-related risks, regulation

The NCUA is seeking comments from credit unions on current and future climate and natural disaster risks.

The NCUA Board approved a request for information seeking comments on current and future climate and natural disaster risks to federally insured credit unions, related entities, their members and the National Credit Union Share Insurance Fund at its on April 20 board of directors meeting.

Specifically, the agency is seeking input to help strengthen its ability to identify and assess credit unions’ current and future climate and natural disaster risks. The NCUA is also seeking stakeholder comments on opportunities to enhance its supervision and regulation of each regulated entity’s management of risks.

Instructions on how to submit comments can be found here, and will be accepted until June 26, 2023.

Leave a Reply