Credit Union Department Remote Examinations

Since the latter part of March, the Department’s examination program has been operating using completely remote processes. Credit unions have adapted well to this change and generally have been able to provide requested documents timely through the Department’s secured methodologies. For credit unions who are notified of an upcoming remote examination, we ask that management assist our examiners by facilitating the timely gathering of documents. Further, please name and number the electronic documents in accordance with the name and number of the items as listed in the examination preparation document (aka request list). We also ask that the first items you provide include:

• The AIRES share and loan download files as of the examination effective date;
• Board meeting minutes and packets for the examination period through the most recent board meeting;
• A general ledger trial balance as of the examination effective date;
• The Allowance for Loan and Lease Losses (ALLL) evaluation as of the examination effective date; and
• All requested board approved policies and procedures. If you encounter any difficulties in providing the requested data or have questions related to such, please do not hesitate to contact your examiner, or the Department.