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Examiners Guide

This Examiner’s Guide sets out guidance for an examiner on NCUA’s examination and supervision of credit unions. The primary goal is to ensure the overall safety and soundness of the credit union system. NCUA’s risk-focused examination and supervision program evaluates the degree to which credit union management identifies, measures, monitors and controls (i.e., manages) existing and potential risks in their operations. This section of the web site is specifically addressed to examiners; however, it also offers information that credit unions may find useful when they have questions about the examination and supervision process.
 
Although the guidance provided by this Examiner’s Guide is dependable, it may not necessarily be the best or final approach in 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.
 
You should be aware that the size of this guide is 18 MB. For this reason, the guide is not being offered in a single file version, it has been divided into individual chapters. We have included a chart below providing the chapter names and sizes. You may also order a hard copy of the Examiner’s Guide from our Publications.
 
If you have questions that are not addressed in this Examiner’s Guide, you may call the Regional Office in the region where the credit union is located.
 
 
  
The chapters are listed below:
  
TOC ​Table of Content
Chapter 1 ​Risk-Focused Program
Chapter 2 ​Scope Development and Planning
Chapter 3 ​Total Analysis Process
Chapter 4  ​Internal Controls
Chapter 5  ​Supervisory Committee
Chapter 6 ​Information Technology
Chapter 7 ​Management
Chapter 8 ​General Ledger
Chapter 9    ​Cash Analysis
Chapter 10 ​Loans - General Loan Review, Credit Risk, Delinquency, & Charge Offs
Chapter 11 ​Allowance for Loan and Lease Losses
Chapter 12 ​Investment Analysis
​​Chapter 13 ​Asset Liability Management
​​Chapter 14 ​Share Structure
​​Chapter 15 ​Profitability
​​Chapter 16 ​Net Worth and Other Equity Accounts
​​Chapter 17 ​Prompt Corrective Action
​​Chapter 18 ​Regulatory Compliance
​​Chapter 19 ​Consumer Compliance
​​Chapter 20 ​Report Writing
​​​Chapter 21 ​Joint Conference/Exit Meeting
​​​Chapter 22 ​Examination Evaluation and Review Policy
​​​Chapter 23 ​Low-Income Credit Unions
​​​Chapter 24 ​Shared Branch
​​​Chapter 25 ​Credit Union Service Organizations
​​​Chapter 26 ​Federally Insured State-Chartered Credit Unions (FISCUs)
​​​Chapter 27 ​Shortages
​​​Chapter 28 ​Bond Coverage
​​​Chapter 29 ​Special Assistance, Letters of Understanding And Agreement, Conservatorships, and Special Actions
​​​Chapter 30 ​Administrative Actions
​​​​Chapter 31 ​Liquidations
​​​​Chapter 32 ​Incidental Powers