Attached for your information and use is NCUA’s Credit Union Year 2000 Self Analysis Guide. This guide has been developed for NCUA by Coopers and Lybrand, L.L.P. to help credit unions analyze their readiness for the Year 2000. Included in the Guide is a narrative providing a general overview of the processes required to ensure Year 2000 compliance and a Credit Union Checklist to use as a tool to assess readiness.
I encourage credit union management and boards of directors to review the narrative section and address the questions in the Checklist. The Checklist was designed to be completed on a periodic basis as an ongoing assessment tool. Your examiner may want to review the responses to the Checklist with you during your regular examination.
The Year 2000 is a situation that will not go away. Every credit union must ensure they are prepared for it. The Self-Analysis Guide was developed to help in your preparations for full compliance and undisturbed service to members.
Norman E. D’Amours