NCUA Audits and Exams

Worried About Credit Union Exams? Try These Two Resources!

There’s a lot to worry about when preparing for credit union exams. Usually, they go smoothly. Often, exams just confirm what you and your credit union already knew: that you’re on the right path. But the stress is real.

Audit Checklist for Credit Unions

Okay, we get it. Audits aren’t easy, and there’s no secret hack to make them less difficult. However, a little preparation never hurt. In fact, even an ounce of preparation could end up worth about a pound of cure. (We’re not sure...

NCUA Audit Nightmares: We Lost Five Million Dollars

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.

NCUA Audit Nightmares: We Had to Sell Our Best Securities

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.

NCUA Audit Nightmares: Prepare, Prepare Like Crazy

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.

NCUA Audit Nightmares: Going for the Gotcha!

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.

NCUA Audit Nightmares: My Examiners Didn't Trust the Numbers

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.

NCUA Audit Nightmares: My Examiners Were Wrong (and Sassy)!

In the American financial system, audits are considered especially heinous. Across the country, the dedicated employees who endure these vicious examinations are part of an elite group known as the credit union industry.

Using the NCUA Examiner's Guide as a Resource to Help Your Credit Union

Halloween just came and went. This year, several dozen pop-culture references, cartoon characters, and rotting undead paid visit to my door. They said, “trick or treat,” and in return, I gave them candy. Examiners aren’t quite as charming when they...

Using the NCUA Examiner's Guide for an Internal Control Audit

NCUA rules and regulations require a demonstrable level of risk management from credit unions. If you’re looking to prepare for your next examination, your best bet is to look at the NCUA examiner’s guide. In it you will find the resources that your...

Tracking Data Through your Internal Audit Process

It doesn’t matter if you’re the biggest credit union in the world, or if you’re small but mighty: you’ll have to do an internal audit. During your internal audit process, one of your biggest keys to success is tracking your data.

How to Mitigate Credit Union Risks During Your Internal Audit

Assessment of risk and finding ways to mitigate it are critical components to a successful internal audit. Here are a few strategies for your credit union to consider the next time examiners come a-knocking.

Does your audit process meet NCUA regulations?

Here’s a hypothetical: your credit union has just been audited. You mobilized your team, they collected documents and provided answers to any pertinent questions, and you compiled and submitted all the information. How well do you sleep that night?

Credit Unions and the Regulatory Burden: Disconnect, Pessimism and Risk

At your credit union, you know exactly how cumbersome regulations (and the examinations that come with them) can be.

The Hidden Risks in Credit Union Regulatory Examinations — and How to Avoid Them

I recently was invited to give a talk at the Credit Union InfoSecurity Conference in San Diego. I shared five of the hidden traps for regulatory compliance and examinations for credit unions. What follows is the lightly-edited text of that...

Tips for Credit Union CEOs Preparing for a Regulatory Examination

I recently found a helpful resource for CEOs whose credit unions are preparing for a regulatory examination.

How the NCUA AIRES Questionnaires Can Help Your Credit Union Prepare for Your Next Regulatory Examination

For most credit unions we talk to, regulatory examinations are a bit like college finals week. They cause a lot of stress and, like a cram session, your team often ends up rushing to get the examiner everything they need at the last minute....

One Simple Way Credit Union CEOs Can Decrease Regulatory Exam Response Risk

Federal regulations have imposed a staggering burden on credit unions over the past seven years.According to a study commissioned by the Credit Union National Association (CUNA), credit unions’ regulatory costs have increased by $1.7 billion...

5 Strategies to Avoid Risk During Your Credit Union's Next Regulatory Examination

Do you know of anyone who looks forward to credit union exams? Do they have NCUA rules and regulations tattooed on their arms? Do they read article after article exploring various credit union compliance resources?