Workpapers & Resources

Federal Credit Union Act

• § 1761(b), Membership on supervisory committee; names and addresses of officers and committee members

• § 1761c(a), Members; meetings; lines of credit and approval of loans; delegation to loan officers

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

• AICPA's AU-C Section 940, An Audit of Internal Control Over Financial Reporting That Is Integrated With an Audit of Financial Statements

See Also

Questionnaires

• Cash Internal Controls

Job Aids

• EPS – Risk Overview

• Fraud Procedures

Last updated on May 01, 2023