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NCRM Certification Questions and Answers
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The NCUA exam is considered a ______ focused exam to meet its
statutory obligation to oversee FICU's Ans: Risk based exam
What is the NCUA rating system called? Ans: CAMELS
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What does CAMELS stand for? Ans: Capital adequacy
Asset quality
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Management
Earnings
Liquidity
Sensitivity to market risk
When does the new CAMELS rating go into effect? Ans: April 1, 2022
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. Ans:
True
What is the rating scale for the CAMELS Ans: 1 -5
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What is considered higher risk during an examination? Ans: New
products and services. High risk members (Hemp, Money Service
Business) and previous examination findings
what three things must each NCUA examination include? Ans: 5300 call
report, supervisory committee audit and compliance with BSA
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 Ans: True
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Risk Impact - The cost or disruption experience by the organization
should a risk occur. T/F Ans: true
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Risk programs should take a silo approach Ans: False
Policies, procedures, personnel and control systems are foundations for
what? Ans: Enterprise Risk Management program
What are the 7 categories of risk a credit union should monitor? Ans:
Interest rate, credit, liquidity, reputation, strategic, transaction,
Compliance
Are the 7 categories of risk mutually exclusive Ans: No
If a CU suffers a data breach which risk category is effected? Ans:
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 Ans: Credit Risk
1
NCRM Certification Questions and Answers
(100% Correct Answers) Already Graded A+
The NCUA exam is considered a ______ focused exam to meet its
statutory obligation to oversee FICU's Ans: Risk based exam
What is the NCUA rating system called? Ans: CAMELS
© 2026 Assignment Expert
What does CAMELS stand for? Ans: Capital adequacy
Asset quality
Guru01 - Stuvia
Management
Earnings
Liquidity
Sensitivity to market risk
When does the new CAMELS rating go into effect? Ans: April 1, 2022
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. Ans:
True
What is the rating scale for the CAMELS Ans: 1 -5
, For Expert help and assignment handling,
2
What is considered higher risk during an examination? Ans: New
products and services. High risk members (Hemp, Money Service
Business) and previous examination findings
what three things must each NCUA examination include? Ans: 5300 call
report, supervisory committee audit and compliance with BSA
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 Ans: True
© 2026 Assignment Expert
Risk Impact - The cost or disruption experience by the organization
should a risk occur. T/F Ans: true
Guru01 - Stuvia
Risk programs should take a silo approach Ans: False
Policies, procedures, personnel and control systems are foundations for
what? Ans: Enterprise Risk Management program
What are the 7 categories of risk a credit union should monitor? Ans:
Interest rate, credit, liquidity, reputation, strategic, transaction,
Compliance
Are the 7 categories of risk mutually exclusive Ans: No
If a CU suffers a data breach which risk category is effected? Ans:
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 Ans: Credit Risk
