NCUA provides this Examiner’s Guide as a resource for its staff to use in the supervision of credit unions. The information in the Guide can assist examiners in the scoping process, on- and off-site supervision contacts, and more. The Guide is specifically addressed to examiners. It does not impose requirements on credit unions; however, it offers information that credit unions may find useful when they have questions about the examination and supervision process.
In October 2016, NCUA launched an interactive, online version of the Examiner’s Guide. With the launch of the Examiner’s Guide website, NCUA is also issuing updated guidance on four topics:
- Interest rate risk
- Risk-focused examinations
- Total analysis process
- Fidelity bond coverage
(Older versions of these chapters are provided below for reference purposes only; please refer to the Examiner’s Guide website for the most up-to-date guidance on these topics.)
NCUA will update and publish the remaining chapters of the Examiner’s Guide on a rolling basis. As the updated contents of these chapters are published on the Examiner’s Guide website, readers will be informed.
The Guide is offered as a resource for examiners, but the guidance provided here may not necessarily be appropriate for every situation. The risk-focused approach requires that examiners exercise their professional judgment to assess the risk inherent in a given credit union operation and determine the scope of the examination taking into consideration the many variables presented by the individual credit union. When examiners determine existing or potential risk is present, they may perform the procedures necessary to determine the extent of that risk and any mitigating circumstances related to the risk. The examiner will work with the credit union officials and staff to take the steps necessary to correct or reduce unwarranted risk.
NCUA’s web site also offers many resources for credit unions and the public when they have questions about the
Federal Credit Union Act and
NCUA Rules and Regulations, such as
NCUA Interpretive Rulings and Policy Statements,
Letters to Credit Unions,
Regulatory Alerts and
Legal Opinions.
If you have questions that are not addressed in the Examiner’s Guide, you may call the
Regional Office in the region where the credit union is located.
The chapters are listed below:
