MERIT is the NCUA’s new web-based examination platform that replaces AIRES, a 25-year old legacy examination application. MERIT streamlines the examination process for credit unions and examiners. MERIT offers credit unions the ability to securely:
- Transfer files within the context of an examination
- Provide status updates and request due date changes on examination findings and action items
- Retrieve completed examination reports
The NCUA began piloting NCUA Connect with a small group of credit unions and state regulators in the fourth quarter of 2019. The Agency plans to make the system available for broader use in 2021.