NCRM Certification 2025 Actual exam (Testing Real
Exam Questions)and verified Answers ( 100%
accurate) GET IT RIGHT!!
The NCUA exam is considered a ______ focused exam to meet its statutory
obligation to oversee FICU's - (ANSWER)Risk based exam
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
When does the new CAMELS rating go into effect? - (ANSWER)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. - (ANSWER)True
What is the rating scale for the CAMELS - (ANSWER)1 -5
, What is considered higher risk during an examination? - (ANSWER)New products
and services. High risk members (Hemp, Money Service Business) and previous
examination findings
what three things must each NCUA examination include? - (ANSWER)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 - (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
Exam Questions)and verified Answers ( 100%
accurate) GET IT RIGHT!!
The NCUA exam is considered a ______ focused exam to meet its statutory
obligation to oversee FICU's - (ANSWER)Risk based exam
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
When does the new CAMELS rating go into effect? - (ANSWER)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. - (ANSWER)True
What is the rating scale for the CAMELS - (ANSWER)1 -5
, What is considered higher risk during an examination? - (ANSWER)New products
and services. High risk members (Hemp, Money Service Business) and previous
examination findings
what three things must each NCUA examination include? - (ANSWER)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 - (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
