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NCUA to Modernize Exam Platform

WASHINGTON - The NCUA reveals how it will leverage technology to improve exams and data security.

By Peter Strozniak | Updated on March 12, 2015

WASHINGTON – Larry Fazio, director of the NCUA Office of Examination and Insurance, said the federal agency will be modernizing AIRES, its technology platform used to conduct exams that will feature a new portal that enables examiners and credit unions to exchange information.

Fazio also explained new exam procedures for small credit unions with up to $50 million in assets during his presentation at a breakout GAC session Tuesday focused on examiner priorities and credit union exam concerns. He also highlighted some improvements that resulted from a new policy involving exam findings and documents of resolution that was implemented last year.

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Peter Strozniak

 

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