Requirements for Insurance - Interest Rate Risk Policy

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.