NCUA FAQs 2016 – Does NCUA review a federal credit union’s financial performance during fair lending examinations and off-site supervision contacts?

Compliance > Lending > Fair Lending
Q:  Does NCUA review a federal credit union’s financial performance during fair lending examinations and off-site supervision contacts?
 
A:     No, fair lending examinations and off-site supervision contacts focus on credit unions’ lending policies, procedures, marketing or advertising, and training programs.  Fair lending examinations also include a review of loan applications and loan files, and, if applicable HMDA data.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the NCUA’s Fair Lending Compliance Program For Federal Credit Unions, Frequently Asked Questions and Answers – December 2016, which may be accessed here: https://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/NCUA-Fair-Lending-Compliance-Program-FAQs.pdf
 

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