NCRM CERTIFICATION NEW EXAM WITH COMPLETE
SOLUTIONS 100% VERIFIED
What is the NCUA rating system called? - ANSWER CAMELS
What does CAMELS stand for? - ANSWER Capital adequacy
Asset quality
Management
Earnings
Liquidity
Sensitivity to market risk
The NCUA exam is considered a __________ focused exam to meet its statutory
obligation to oversee FICU's - ANSWER Risk based exam
The CAMELS rating is used for evaluating the soundness of CU's, the degree of risk to
the National Credit Union Share Insurance and to identify those credit unions needing
additional supervisory attention. - ANSWER True
What is the rating scale for the CAMELS - ANSWER 1 -5
What does one consider as higher risk on examination? ANSWER New products and
services. High risk members(Hemp, Money Service Business) and prior examination
findings
what three things must every NCUA examination include? ANSWER 5300 call report,
supervisory committee audit and BSA compliance
, It is extremely important when designing and implementing a risk management
program, to design the program around the size, scope and complexity of the
organization - ANSWER True
Risk Impact - The cost or disruption experience by the organization should a risk occur.
T/F - ANSWER true
Risk programs should take a silo approach - ANSWER False
Policies, procedures, personnel and control systems are foundations for what? -
ANSWER Enterprise Risk Management program
What are the 7 categories of risk a credit union should monitor? - ANSWER Interest rate,
credit, liquidity, reputation, strategic, transaction, Compliance
Are the 7 categories of risk mutually exclusive - ANSWER No
If a CU suffers a data breach which risk category is effected? - ANSWER Transaction
risk, reputation risk, compliance risk
Risk to the Credit Unions earnings that are due to a failure of its investments or a portion
of its loan portfolio - ANSWER Credit Risk
Can an institution advertise their CAMELS rating? - ANSWER No
Failure for a member to make payments or failure for the member to maintain insurance
is an example of which of the 7 risks? - ANSWER Credit Risk
The chance of any one occurrence from changes in market rates hurting the credit
unions capital and/or earnings - ANSWER Interest rate risk IRR
SOLUTIONS 100% VERIFIED
What is the NCUA rating system called? - ANSWER CAMELS
What does CAMELS stand for? - ANSWER Capital adequacy
Asset quality
Management
Earnings
Liquidity
Sensitivity to market risk
The NCUA exam is considered a __________ focused exam to meet its statutory
obligation to oversee FICU's - ANSWER Risk based exam
The CAMELS rating is used for evaluating the soundness of CU's, the degree of risk to
the National Credit Union Share Insurance and to identify those credit unions needing
additional supervisory attention. - ANSWER True
What is the rating scale for the CAMELS - ANSWER 1 -5
What does one consider as higher risk on examination? ANSWER New products and
services. High risk members(Hemp, Money Service Business) and prior examination
findings
what three things must every NCUA examination include? ANSWER 5300 call report,
supervisory committee audit and BSA compliance
, It is extremely important when designing and implementing a risk management
program, to design the program around the size, scope and complexity of the
organization - ANSWER True
Risk Impact - The cost or disruption experience by the organization should a risk occur.
T/F - ANSWER true
Risk programs should take a silo approach - ANSWER False
Policies, procedures, personnel and control systems are foundations for what? -
ANSWER Enterprise Risk Management program
What are the 7 categories of risk a credit union should monitor? - ANSWER Interest rate,
credit, liquidity, reputation, strategic, transaction, Compliance
Are the 7 categories of risk mutually exclusive - ANSWER No
If a CU suffers a data breach which risk category is effected? - ANSWER Transaction
risk, reputation risk, compliance risk
Risk to the Credit Unions earnings that are due to a failure of its investments or a portion
of its loan portfolio - ANSWER Credit Risk
Can an institution advertise their CAMELS rating? - ANSWER No
Failure for a member to make payments or failure for the member to maintain insurance
is an example of which of the 7 risks? - ANSWER Credit Risk
The chance of any one occurrence from changes in market rates hurting the credit
unions capital and/or earnings - ANSWER Interest rate risk IRR
