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NCUA Credit Unions (12 CFR 701)

Sets organizational, operational, and regulatory requirements for federal credit unions, covering membership, lending, investments, and governance. Applies to federally chartered credit unions.

View official source document

Rules extracted

511

Obligations decomposed

21.3x

Avg obligations per rule

🇺🇸 United States

Jurisdiction

What AuditDSS covers

Source

Regulation

Extracted

Rules

Decomposed

511

Obligations

21.3x

Decomposition ratio

Each rule is decomposed into an average of 21.3 atomic obligations — the smallest testable units that can be independently violated.

Fully extracted & scored

All 511 obligations have been decomposed, titled, risk-scored, and embedded for semantic matching.

Risk scoring

Every obligation in NCUA Credit Unions is scored across independent risk dimensions:

Obligation Weight

How critical within the regulatory framework

Violation Likelihood

How often breached in practice

Enforcement Evidence

Regulator enforcement history and penalties

Cascade Dependency

How many obligations depend on this one

Regulatory details

Full title: NCUA Credit Unions (12 CFR 701)
Regulatory body: National Credit Union Administration
Jurisdiction: 🇺🇸 United States
Document type: regulation
Effective date: March 10, 1970
Industry: Banking & Financial Services
Official source: View source document ↗

Who this applies to

federal credit unionsstate-chartered credit unionscredit union service organizations

Key requirements

share insurance requirements
field of membership compliance
lending limits
investment restrictions
capital adequacy
records preservation
member business lending limits

Frequently asked questions about NCUA Credit Unions

What is NCUA Credit Unions?

Sets organizational, operational, and regulatory requirements for federal credit unions, covering membership, lending, investments, and governance. Applies to federally chartered credit unions.

Who does NCUA Credit Unions apply to?

NCUA Credit Unions applies to federal credit unions, state-chartered credit unions, credit union service organizations.

How many obligations does NCUA Credit Unions contain?

AuditDSS has decomposed NCUA Credit Unions into 511 atomic obligations from 24 rules. Each obligation is independently testable and risk-scored.

What are the key requirements of NCUA Credit Unions?

The key requirements include: share insurance requirements, field of membership compliance, lending limits, investment restrictions, capital adequacy, records preservation, member business lending limits.

How can I assess my NCUA Credit Unions compliance?

Upload your compliance policy to AuditDSS. The platform maps your document against all 511 NCUA Credit Unions obligations using deterministic AI scoring — not checklists or LLM summaries. You get a risk-scored gap analysis showing exactly which obligations are covered, partially covered, or missing.

Which jurisdiction enforces NCUA Credit Unions?

NCUA Credit Unions is enforced in United States by National Credit Union Administration.

When did NCUA Credit Unions come into effect?

NCUA Credit Unions became effective on March 10, 1970.

What industry does NCUA Credit Unions apply to?

NCUA Credit Unions is primarily relevant to the Banking & Financial Services industry. AuditDSS covers 105 regulations in this industry sector.

Build a NCUA Credit Unions compliance pack

Don't have a compliance policy yet? AuditDSS generates a complete compliance pack for NCUA Credit Unions — alone or combined with other regulations your business needs. Every clause is mapped to specific obligations.

Policy

High-level commitments and governance framework covering NCUA Credit Unions requirements.

Procedures

Step-by-step operational procedures to implement each policy commitment.

Forms & checklists

Ready-to-use forms, registers, and checklists for day-to-day compliance operations.

Multi-regulation

Combine NCUA Credit Unions with other regulations into a single unified compliance pack for your business.

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Upload your document

Upload your compliance policy, program manual, or operational document. AuditDSS accepts any text-based document.

AI maps against 511 obligations

Your document is scored against every obligation in NCUA Credit Unions. Each claim is mapped to the obligation tree and evaluated for coverage.

Risk-scored gap report

Receive every gap ranked by risk priority with remediation guidance, enforcement evidence, and cascade impact analysis.