Does NCUA expect board members to understand what’s in the FPR? Are examiners available to explain?
Yes, NCUA expects board members to have an understanding of the credit union’s financial statements. Examiners are available to explain. Board members may also want to review the FPR Guide located on NCUA’s website under Credit Union Resources, Guides, Manuals, & Forms, or at the URL noted below. The FPR Guide provides the calculations for all FPR financial ratios.
