Exam Preparation
Trust Exam Preparation for Credit Unions
Trust examinations evaluate your fiduciary practices, account administration, and investment management. Canarie helps you maintain evidence of compliant trust operations throughout the examination cycle. Specifically tailored for the unique examination requirements facing 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
OCCFDICState banking regulators
Exam Frequency
Annual or every 18 months
Preparation Steps for Credit Unions
1
Review trust policies and procedures2
Compile account administration evidence3
Document investment review activities4
Gather fee disclosure documentation5
Prepare conflict of interest reviews6
Document fiduciary decision-making7
Compile trust committee minutesEvidence Examiners Expect
Trust policies and procedures
Account acceptance documentation
Investment review records
Fee calculation and disclosure
Conflict of interest documentation
Trust committee meeting minutes
Exception and override tracking
Related Compliance Areas for Credit Unions
NCUA safety and soundnessBSA/AMLConsumer complianceFair lendingPrivacy and data security
Frequently Asked Questions
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Transform Trust Exam Preparation for Your Credit Union
See how credit unions prepare for examinations in days, not weeks.