{"id":"AGY-FED-FINANCIAL-032","kind":"context","level":"federal","jurisdiction":"United States; National Credit Union Administration (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"NCUA","authority":"12 U.S.C. § 1756; § 1784","instrument":"Letter to Credit Unions 20-CU-05","title":"Offsite Examination and Supervision Approach","dateIssued":"2020-03-01","effective":"2020-03-16","end":"Updated by 20-CU-17 (May 2020, Ex. 043) and 20-CU-20 (June 2020, Ex. 046); off-site policy continued until Phase 1 of on-site return on July 19, 2021 (Ex. 066)","startDate":"2020-03-16","endDate":"2021-07-19","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["TELE","OTHER"],"addressees":["boards of directors and chief executive officers of federally insured credit unions"],"clause":"In response to the COVID-19 pandemic, the NCUA mandated a strict offsite policy for all employees and contracted support staff as of March 16, 2020. All NCUA examinations will take place offsite through May 1, 2020, and this offsite policy will remain in effect until further notice.... During this time, the NCUA will limit the burden imposed on credit unions so that they can focus on providing uninterrupted service to their members.","enforcement":"NCUA examination program; 12 U.S.C. § 1756","functions":["OP examinations (no examiners on premises; document production remote)","HR","BR premises access"],"notes":"A federal agency\u0027s mandate that its own staff not enter credit union premises; the counterpart of the closure of those premises to the public","sourceUrl":"https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/offsite-examination-and-supervision-approach","snapshot":"https://web.archive.org/web/2021/https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/offsite-examination-and-supervision-approach","fileExists":true,"fileBytes":443062,"grade":"primary","character":"context","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-032","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-032","citation":"NCUA, Letter to Credit Unions 20-CU-05 (Mar. 1, 2020) (Ex. AGY-FED-FINANCIAL-032)","stateName":"","related":["AGY-FED-FINANCIAL-031","AGY-FED-FINANCIAL-033","AGY-FED-FINANCIAL-035","AGY-FED-FINANCIAL-034","AGY-FED-FINANCIAL-037","AGY-FED-FINANCIAL-038","AGY-FED-FINANCIAL-103","AGY-FED-FINANCIAL-036","AGY-FED-FINANCIAL-043","AGY-FED-FINANCIAL-042"]}