Policies Required by Regulation

Policy or Program / Citation / Federal/State
ID Theft Program / 12 CFR 717, Subpart J / Both
BSA Program including a Customer (Member) Identification Program / 12 CFR 748.2 / Both
Investment Policy (annual review required, may be part of a broader ALM policy) / 12 CFR 703.3 / Federal
Real Estate Appraisals and Evaluations (may be included in a broader loan policy) / November 2003 NCUA guidance / Federal
Employee Incentive Policy (Related to certain compensation programs related to Credit Union Incidental Powers – may be included in a broader compensation or HR policy) / 12 CFR 721 / Federal
Member Business Loan Policy (may be part of a broader loan policy) / 12 CFR 723 / Both
General Loan Policy / 12 CFR 741 / Both
Security Program (required to have one, does not need to be board approved) / 12 CFR 748 / Federal
Vital Records Preservation Program (may be included in the Information Security Program) / 12 CFR 749.2 / Federal
Information Security Program / 12 CFR 748, Appendix A / Both
S.A.F.E. Act (Policies and Procedures required, does not have to be board approved, may be incorporated into a general loan policy) / 12 CFR 761 / Both
Privacy / 12 CFR 716 (FTC regulation for state CUs) / Both
Expedited Funds Availability Act / 12 CFR 230 / Both

Policies Required by Formal Regulator Guidance

Policy or Program / Citation / Federal/State
Vendor Due Diligence / NCUA Letter to Credit Unions 07-CU-13 / Both
OFAC / BSA Exam Manual / Both
Allowance for Loan and Lease Losses (may be included in a broader ALM or risk management policy) / June 2002 NCUA guidance / Federal
Environmental Risk – Real Estate Collateral (may be included in broader loan policy) / NCUA Supervisory Letter 08-CU-13 / Federal (For credit unions that make MBLs and other CU’s based on risk)

Policies Mentioned in Exam Manuals

Policy or Program / Citation / Federal/State
Asset Liability Management (May be incorporated into an investment, cash management or other policy) / NCUA Examiner’s Guide, Chapter 13 pg. 2-4 / Federal
Interest Rate Risk (May be incorporated into an investment, cash management or other policy) / NCUA Examiner’s Guide, Chapter 13 pg. 2-4 / Federal
Liquidity (May be incorporated into an investment, ALM or other policy) / NCUA Examiner’s Guide, Chapter 13 pg. 3-3 / Federal
Loan Extensions (may be part of a broader loan policy) / NCUA Examiner’s Guide, Chapter 10 pg. 1-9 / Federal
Statutory Liens (as defined in 701.39(c)(3) – Federal CU power only, may be part of a broader loan policy) / NCUA Examiner’s Guide, Chapter 10 pg. 2-12 / Federal
Collections (may be part of a broader loan policy) / NCUA Examiner’s Guide, Chapter 10 pg. 2-14 / Federal
Charge-offs (may be part of a broader loan or collection policy) / NCUA Examiner’s Guide, Chapter 10 pg. 2-14 / Federal
Stock Secured loans (may be part of a broader loan policy) / NCUA Examiner’s Guide, Chapter 10 pg. A-36 / Federal
Disaster Recovery/Business Continuity/Pandemic Plan / NCUA Examiner’s Guide, Chapter 6 pg. 18 / Federal
Personnel Policy/HR Policy / NCUA Examiner’s Guide, Chapter 7 pg. 14 / Federal
Wire Transfer / NCUA Examiner’s Guide, Chapter 9 Appendix A / Federal
ACH / NCUA Examiner’s Guide, Chapter 9 Appendix B / Federal
Item Processing / NCUA Examiner’s Guide, Chapter 9 Appendix C / Federal