Workpapers & Resources

Federal Credit Union Act

• § 1761b, Board of directors; meetings; powers and duties; executive committee; membership officers; membership application

NCUA Regulations

• § 701.21, Loans to members and lines of credit to members

• §702.113, Full and fair disclosure of financial condition

• Part 703, Investment and Deposit Activities

• § 703.3, Investment policies

• Part 715, Appendix A: Supervisory Committee Audit—Minimum Procedures

• § 715.3, General responsibilities of the Supervisory Committee

• § 723.1, Purpose and scope

• § 723.4, Commercial loan policy

• § 723.10, State regulation of business lending

• § 741.3, Criteria

• § 741.6, Financial and statistical and other reports

• Part 748, Appendix A, Guidelines for Safeguarding Member Information

• § 748.2, Procedures for monitoring Bank Secrecy Act (BSA) compliance

Federal Credit Union Bylaws

Article II, Qualifications for Membership

NCUA Examiner’s Guide

• Cash Operations

• Consumer Lending (in development)

• Electronic Payment Systems

• Electronic Payment Systems, Wire Transfers

• Fraud

• General Ledger (in development)

• Investments (in development)

• Supervisory Committee

NCUA Guidance

• NSPM

• Other Supervisory Committee Audit, Minimum Procedures Guide

External Resources

• Committee of Sponsoring Organizations of the Treadway Commission – Framework on Internal Controls

• American Institute of Certified Public Accountants auditing standard AU-C Section 940

See Also

Questionnaires

• Cash Internal Controls

Job Aids

• EPS – Risk Overview

• Fraud Procedures

Last updated on May 01, 2023