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Examiner's 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, in addition to the single file version, it has been divided into individual chapters.  We have included a chart below provideing 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.  Contact information can be found by following the "Contact Us" link below.

Changes to the Examiner’s Guide

The following changes have been made to the Examiner’s Guide after it was printed.  These changes are included in this electronic version of the Guide.

  • Page 5A-2 – Minor correction to the footnote.  (August 2002)
  • Page 11A-6 – Clarification.  (August 2002)
  • Page 19-5 – Introduces new page 11-6.  (August 2002, revised October 2002)
  • Page 19-6 – New page.  (August 2002, revised October 2002)
  • Page 19N-13 – Minor clarification and addition of footnote.  (August 2002)
  • Page 25-18 – Minor correction.  (September 2002)

 NCUA Examiner's Guide in PDF (49.48 MB)
Pagination matches the printed version

The individual chapters below are extracted from the printed version