NCUA Addresses CUNA-sought Clarifications on Privacy Notice Law
Federal credit union examiners are on notice that when a credit union meets certain statutory requirements it no longer must send annual privacy notices. In a letter to credit unions, the NCUA provides the clarification that CUNA sought. NCUA Chair Debbie Matz stated, “NCUA examiners have been notified that if your credit union meets the applicable requirements, you need not send annual privacy notices unless and until your credit union no longer meets those requirements.” [2/2/16]
