ALEXANDRIA, Va.-In a letter to credit unions (01-FCU-05), NCUA reiterated its new risk-based examination policy. The new policy is expected to yield considerable savings to the agency and credit unions. Credit unions which are considered low-risk to the insurance fund will be examined twice every three years rather than annually. Generally, the letter read, low-risk credit unions will: *

have a CAMEL code of 1 or 2 for the two most recent examinations; *

have been operating for at least 10 years; *

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