WASHINGTON – Larry Fazio, director of the NCUA Office ofExamination and Insurance, said the federal agency will bemodernizing AIRES, its technology platform used to conduct examsthat will feature a new portal enabling examiners and credit unionsto exchange information.

Fazio also explained new exam procedures for credit unions withless than $50 million in assets during a GAC breakout sessionfocused on examiner priorities and exam concerns. He alsohighlighted improvements that resulted from a new policy involvingexam findings and documents of resolution implemented lastyear.

“One of the things we are trying to fast-track is the portalthat would allow examiners and credit unions to share informationback and forth in a secure way and in a much more convenient andfacilitated way,” Fazio said.