Canarie AI

Exam Preparation

CRA Exam Preparation for Credit Unions

Community Reinvestment Act examinations evaluate your institution's record of meeting community credit needs. Canarie helps you maintain evidence of CRA activities, from lending in assessment areas to community development investments to service delivery. Specifically tailored for the unique examination requirements facing credit unions.

More for Credit Unions

Credit Unions Exam Preparation Challenges

Limited compliance resources
Volunteer board oversight requirements
NCUA examination preparation
Member data protection
Balancing service and compliance

Examining Agencies

FDICOCCFederal Reserve

Exam Frequency

Every 2-5 years depending on asset size and rating

Preparation Steps for Credit Unions

1
Update assessment area analysis
2
Compile lending data by geography
3
Document community development activities
4
Gather service delivery evidence
5
Prepare response to community needs assessment
6
Compile innovative and flexible lending documentation
7
Document community partnerships

Evidence Examiners Expect

Assessment area delineation
Lending distribution analysis
Community development loan documentation
Investment and grant records
Service delivery documentation
Community contact feedback
Board CRA oversight evidence

Related Compliance Areas for Credit Unions

NCUA safety and soundnessBSA/AMLConsumer complianceFair lendingPrivacy and data security

Frequently Asked Questions

Transform CRA Exam Preparation for Your Credit Union

See how credit unions prepare for examinations in days, not weeks.