NCUA Releases Videos about Exam Process

July 2016

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.

Created by NCUA’s Office of Small Credit Union Initiatives, the online training module on the examination process is part of a video series covering a variety of subjects important to credit union boards, such as effective board management, credit union policies and procedures and mergers. More information is also available on NCUA’s Small Credit Union Learning Center available on www.ncua.gov.

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.

The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.