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Letter from Credit Union Supervision Team to Directors, Staff members and Volunteers of PRA-regulated credit unions

Letter sent to PRA-regulated credit unions on Covid-19

Published on 08 April 2020

This letter:

sets out details of a PRA rule modification available to all credit unions from today’s date until 1 January 2021;
explains the PRA’s supervisory focus and priorities for credit unions in this period of stress; and
reiterates messages on regulatory reporting.

Letter