Checklist: Assess Your Loan Quality Control Plan

SELF ASSESSMENT IS A BEST PRACTICE

As a Credit Union, it's important to conduct an annual self-evaluation of your current QC and compliance processes to ensure you are utilizing the most efficient methods to meet the needs of your organization. This checklist was designed to help Credit Unions' assess their current QC processes and determine if your loan quality is at risk.

The assessment includes the following categories:

• Reporting
• Communication
• Remediation
• Sampling
• Compliance Checks
• Data Integrity/Technology