WASHINGTON – Larry Fazio, director of the NCUA Office of Examination and Insurance, said the federal agency will be modernizing AIRES, its technology platform used to conduct exams that will feature a new portal enabling examiners and credit unions to exchange information.

Fazio also explained new exam procedures for credit unions with less than $50 million in assets during a GAC breakout session focused on examiner priorities and exam concerns. He also highlighted improvements that resulted from a new policy involving exam findings and documents of resolution implemented last year.

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Credit Union Times

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