Raleigh, N.C.-based based Sageworks, a financial information company, announced it has opened its 2015 Bank & Credit Union Examination Survey focused on the federal exam experience.
The survey, scheduled for a summer release, asks which areas of federal oversight received the most criticism for an individual institution. The goal, according to a Sageworks release, is to gain a better understanding of how banks and credit unions in the U.S. are faring during their regular examinations.
Federal examinations often are a source of stress for credit union professionals. The survey speaks to a number of potential risk management pain points for financial institutions, including allowance for loan and lease losses, credit analysis, loan review and others, Sageworks said. Additionally, the survey breaks out the topic of stress testing, to gauge if there has been an increased pressure by examiners to stress the portfolio.
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