What does a credit union examiner do?
Credit Union Examiners (CUEs) plan, conduct, and complete examinations of federally chartered credit unions and the work day varies from one examination to the next – credit union to credit union. Some examinations are completed independently, while others may require being part of a team.
When a credit union conducts a risk assessment its important to consider?
To analyze threats based on likelihood and potential impact to institution, members, and the financial market. To prioritize potential business disruptions based on severity, which is determined by impact on operations and probability of occurrence.
How much do NCUA examiners make?
The average salary for a Credit Union Examiner is $67,667 per year in United States, which is 7% lower than the average NCUA salary of $72,800 per year for this job. What is the salary trajectory of a Credit Union Examiner? The salary trajectory of a Credit Union Examiner ranges between locations and employers.
What is an Aires report?
The NCUA Examiners use our Automated Integrated Regulatory Examination System (AIRES) to complete examinations. AIRES is a combination of Visual Basic and Microsoft Excel, Access and Word Programs. The questionnaires focus on Information Technology, Audit, and Member Services. …
Is a credit union a government job?
In the United States, credit unions are not-for-profit, tax-exempt organizations that were established with the Federal Credit Union Act of 1934. All credit unions are either chartered by the federal government or a state government.
What does an Assistant National Bank Examiner do?
Job Summary: The Assistant Bank Examiner will assist in examining and inspecting various aspects of the bank to determine the banks financial condition and to evaluate compliance with consumer protection laws and regulations, best lending practices, and securities regulations.
What is an NCUA exam?
NCUA’s risk-focused approach requires that examiners exercise professional judgment to assess the risk inherent in a given credit union operation and determine the scope of the examination by taking the many variables presented by an individual credit union into consideration.
What are the risks of credit unions?
What are the major risks facing credit unions today?
- Credit risk.
- Interest rate risk.
- Liquidity risk.
- Transaction risk.
- Strategic risk.
- Reputation risk.
- Compliance risk.
What is a credit examiner?
Credit Union Examiner Responsibilities Manage, monitor and report underwriting guidelines and portfolio trends, ensuring compliance with board-approve lending policies and procedures. Balance all key accounts and assure they are in compliance with GAAP.
What is the difference between a credit union and a federal credit union?
Credit unions are not-for-profit enterprises that enjoy tax-exempt status. A federal credit union (FCU) is a credit union regulated and supervised by the National Credit Union Association (NCUA). State credit unions instead adhere to state-specific regulations and guidelines, but not all states have such laws in place.
Who does a bank examiner work for?
A bank examiner is a financial examiner who investigates banks, financial firms, and securities firms to make sure that they are safe and sound. Bank examiners are the ones who implement state and federal laws.
What skills do you need to be a bank examiner?
Candidates applying for the position of bank examiner have usually completed a bachelor’s degree in marketing, finance, economics, commercial or banking law, business administration, banking, accounting, or any other relevant field. Knowledge of marketing, economics, and finance is essential for this role.