Credit unions that offer remote-deposit capture can make use of the NCUA’s new questionnaire to evaluate risks and control practices.The seven-page document, which was issued last week, deals with issues such as the extent of the credit union’s risk assessment process, the frequency with which members’ use of the service is monitored and updating the credit union’s business continuity to reflect the use of the program.Remote-deposit capture systems allow financial institutions to receive digital information from deposit documents captured at remote locations.Earlier this year, the agency advised that credit unions be certain that contracts and customer agreements clearly identify the roles and responsibilities of all parties involved to minimize exposure to legal and compliance problems.–[email protected]

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.