Credit Risk Management

Examiners should ensure a credit union is maintaining credit risk management procedures that are commensurate with their level of complexity and risk exposure.

Questions to Consider

• Did the credit union adjust their credit programs to address borrowers facing financial hardship because of the COVID-19 pandemic?
• Did the credit union adjust their credit risk management policies and procedures to address the use of loan workout strategies, risk management practices, and new strategies to provide funds to borrowers impacted by the COVID-19 pandemic?
• Did the credit union introduce any new programs authorized by the CARES Act?

Last updated on September 15, 2021