Making Recommendations and Developing Plans for Action
After analyzing credit union operations and reaching conclusions, the examiner will make recommendations to ensure the safe and sound operation of a credit union, if necessary. Action plans that address a material area of concern will be documented and communicated to the credit union in a DOR. Plans for corrective action are also documented in a DOR.
Because management’s responsibility includes implementing the action plans, examiners work with management to create an effective DOR when possible. Well-designed, achievable, and measurable action plans may reduce unacceptable risks and prevent problems from recurring.
If the examiner concludes there are no major areas of concern but has recommendations to enhance operations, the recommendations may be documented in the Examiner's Findings and Supplementary Facts workpaper.
Last updated October 11, 2016