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DOCUBANT 831SU8
06219 - 1B1746776] (Bestricted)
(Improvement laeded in HBanag0emnt of National Credit Uaica
Administration]. June 1 . 7 pp.
Report to Lawrence Con, - Adainistrator, National Credit
Union Administrations 4 P. SorazdL, Regional Manager,
Field Operations Div.: tuaal Office (Mashington).
Contact! Field Operations Div.: R2gional Office (Mashiagton).
The audit of the National Credit Usioa Adnistzationa'
(NCUA'a) financial statements for the 15 weaths ated speabeer
30, 1977, reealedseveal a- which werseveeated
management were noeed. Because share insurance fand loars can
be lowered, the Administrator or his designee, when acting as a
liquidating agent for liquidating credit unions, should take the
necessary leqal action to recover unpaid amcunts from borrowers
who are able but do not repay their loans. Ezaminers so1uld
review credit union automatic data processing (ADP) systems, and
the Administrator should develop the necessary ADP skills amoag
his staff who process credit union financial transactions. The
internal audit staff of the NCUA should also increase their ADR
technical proficiency, including desigaing necessary controls
into the automated system, making postinstallation evaluations,
and ascertaining system reliability. ADP management should be
strengthened by establishing an ongoing ADE committee, requiring
specific prograa documentation, and developing autticient
security measures and plans in case of an emergency. (8R)](ViewImageLocal?handle=hein.gao/gaobacxrd0001&div=1&collection=&method=preview&ext=.png&size=3)