Credit Union Chair
By E-Mail
06 February 2017
Re: Thematic Fitness and Probity Inspections in Credit Unions
Dear Chair
During 2016, the Registry of Credit Unions (RCU) undertook a thematic inspection in the area of Fitness and Probity (F&P), to assess the extent to which credit unions had implemented the F&P Regime for credit unions. We have now published a report setting out the key findings from these inspections - ‘Report on Findings of the Thematic Fitness and Probity Inspections in Credit Unions’.
The purpose of the Report is to share the Central Bank’s findings and observations from the Thematic F&P Inspections with all credit unions. We expect all credit unions to carefully consider the issues raised in the Report, to examine their own F&P policies and procedures in the context of these issues and to develop and enhance their policies and procedures where necessary. More broadly, it is expected that the boards and management teams of all credit unions full
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