New Online Training Explains Purpose, Process and Components of an Exam for Credit Union Board Directors
ALEXANDRIA, Va. (July 28, 2016) – Credit union board members can learn more about the purpose, process and components of a NCUA examination in a new four-part video released today on the National Credit Union Administration’s YouTube (opens new window) channel.
Understanding Your Exam, available here (opens new window), provides an overview of the NCUA examination process, including the small credit union examination program. Viewers will learn more about:
- What risk categories NCUA assesses during the examination process,
- How CAMEL ratings are determined, and
- How a credit union can prepare for an exam.
The video also discusses the components of ongoing monitoring that credit unions should implement to improve examination results.
NCUA’s Office of Small Credit Union Initiatives fosters credit union development and the effective delivery of financial services for small credit unions, minority depository institutions, new credit unions and credit unions with a low-income designation. For more information about the work of the Office of Small Credit Union Initiatives, visit the office’s website or subscribe to its monthly FOCUS e-newsletter.