When the NCUA issues a new ruling, why doesn’t an update to the policy appear immediately in CU PolicyPro?

The CU PolicyPro policies are updated once per quarter. The exact release date may vary from quarter to quarter or from year to year.

When a new law or regulation is issued, the CU PolicyPro staff will make every effort to update the associated policy(ies) in CU PolicyPro in the next scheduled quarterly update. However, sometimes it will be the following quarterly update. We cannot write or amend a policy prior to the law/regulation being issued, and it does take some time to go through the new requirements and determine what is required of credit unions.

Some factors can affect the timing of an updated policy include: how close to the quarterly update the final law/regulation is issued, how long or complex is the new law/regulation, the number of other updates being processed for the update, and how much time the credit union has between the final ruling and the required implementation date.
 

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