The PRA has updated its web page on credit unions stating that its 2014 assessment has now been completed. Credit unions will receive one of three letters. Which letter they receive will depend on whether they are on track to meet the enhanced capital requirements that come fully into force at the end of September 2014 and where they are geographically located. The three different types of letter can be accessed from the PRA website.
View PRA – credit unions web page, 27 August 2014