Analyzing Reported Experiences

October Examination Analysis (sample)

Top Topics for large Credit Unions (Asset Size over $250,000,000)

1.  Review Allowance for Loan Loss Calculations
2.  Update network schematic for IT Audits

Top Topics for medium Credit Unions (Asset Size between $100,000,000 and $250,000,000)

1.  Due diligence reports for commerical loans sold to other credit unions
2.  Update network schematic for IT Audits

Top Topics for small Credit Unions (Asset Size under $100,000,000)

1.  Update risk assessments relative to high risk transactions through internet banking
2.  Have documentation to back up the assumptions in the ALM model

October Statistics

21 Reports Submitted

7 Midwest (6 IT, 1 S&S)
7 North East (2 IT, 3 S&S, 2 Complaince)
2 South (2 S&S)
5 West (1 IT, 4 S&S)

7 Asset size Large
5 Asset size Medium
9 Asset size Small

Safety and Soundness Exams:  11
IT Audits:  10

Key Topics:

Large Credit Unions:

1.  ALLL
2.  Network security
3.  Indirect Lending
4.  Real estate concentration 

Medium Credit Unions:

1.  Loan participations
2.  Network security
3.  Policy review

 Small Credit Unions:

1.   Internet Banking
2.  ALM
3.  Network Security