NCRM Certification 2025 Actual exam (Testing Real Exam
NCRM Certification
Questions)and verified Answers ( 100% accurate) GET IT RIGHT!!
Study online at https://quizlet.com/_evovkn
1. The NCUA exam is considered Risk based exam
a ______ focused exam to meet
its statutory obligation to over-
see FICU's
2. What is the NCUA rating sys- CAMELS
tem called?
3. What does CAMELS stand for? Capital adequacy
Asset quality
Management
Earnings
Liquidity
Sensitivity to market risk
4. When does the new CAMELS April 1, 2022
rating go into effect?
5. The CAMELS rating is used for True
evaluating the soundness of
CU's, the degree of risk to the
National Credit Union Share In-
surance and to identify those
credit unions needing addi-
tional supervisory attention.
6. What is the rating scale for the 1 -5
CAMELS
7. What is considered higher risk New products and services. High risk members (Hemp, Money
during an examination? Service Business) and previous examination findings
8.
1/8
, NCRM Certification
Study online at https://quizlet.com/_evovkn
what three things must each 5300 call report, supervisory committee audit and compliance
NCUA examination include? with BSA
9. It is extremely important when True
designing and implementing
a risk management program,
to design the program around
the size, scope and complexity
of the organization
10. Risk Impact - The cost or dis- true
ruption experience by the or-
ganization should a risk occur.
T/F
11. Risk programs should take a False
silo approach
12. Policies, procedures, person- Enterprise Risk Management program
nel and control systems are
foundations for what?
13. What are the 7 categories of Interest rate, credit, liquidity, reputation, strategic, transaction,
risk a credit union should mon- Compliance
itor?
14. Are the 7 categories of risk mu- No
tually exclusive
15. If a CU suffers a data breach Transaction risk, reputation risk, compliance risk
which risk category is effected?
16. Risk to the Credit Unions earn- Credit Risk
ings that are due to a failure of
2/8
NCRM Certification
Questions)and verified Answers ( 100% accurate) GET IT RIGHT!!
Study online at https://quizlet.com/_evovkn
1. The NCUA exam is considered Risk based exam
a ______ focused exam to meet
its statutory obligation to over-
see FICU's
2. What is the NCUA rating sys- CAMELS
tem called?
3. What does CAMELS stand for? Capital adequacy
Asset quality
Management
Earnings
Liquidity
Sensitivity to market risk
4. When does the new CAMELS April 1, 2022
rating go into effect?
5. The CAMELS rating is used for True
evaluating the soundness of
CU's, the degree of risk to the
National Credit Union Share In-
surance and to identify those
credit unions needing addi-
tional supervisory attention.
6. What is the rating scale for the 1 -5
CAMELS
7. What is considered higher risk New products and services. High risk members (Hemp, Money
during an examination? Service Business) and previous examination findings
8.
1/8
, NCRM Certification
Study online at https://quizlet.com/_evovkn
what three things must each 5300 call report, supervisory committee audit and compliance
NCUA examination include? with BSA
9. It is extremely important when True
designing and implementing
a risk management program,
to design the program around
the size, scope and complexity
of the organization
10. Risk Impact - The cost or dis- true
ruption experience by the or-
ganization should a risk occur.
T/F
11. Risk programs should take a False
silo approach
12. Policies, procedures, person- Enterprise Risk Management program
nel and control systems are
foundations for what?
13. What are the 7 categories of Interest rate, credit, liquidity, reputation, strategic, transaction,
risk a credit union should mon- Compliance
itor?
14. Are the 7 categories of risk mu- No
tually exclusive
15. If a CU suffers a data breach Transaction risk, reputation risk, compliance risk
which risk category is effected?
16. Risk to the Credit Unions earn- Credit Risk
ings that are due to a failure of
2/8
