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Chapter 14 SHARE STRUCTURE

Chapter 14 SHARE STRUCTURE TABLE OF CONTENTS SHARE STRUCTURE .. 14. 1 Examination Objectives .. 14. 1 Associated Risks .. 4-1 Overview .. 14-1 Examination Procedures .. 14-2 SHARE Draft Programs .. 4-2 Operational Flow .. 14-3 Sound Operation .. 14-3 Overdrafts .. 14-3 Verification .. 14-4 Fees .. 4-4 Business SHARE Accounts ..l 4-4 Fraud and Forgery .. 4-5 Internal Control STRUCTURE .. 14-5 Advertising and Disclosures .. 4-6 Workpapers and References .. 14-7 APPENDIX 14A - TYPES OF SHARE ACCOUNTS .. 14A-1 APPENDIX 14B - SHARE ACCOUNT RED FLAGS .. 14B-1 Chapter 14 ~ ~~~~ SHARE STRUCTURE Examination 0 bjectives 0 Associated Risks Overview Determine whether the credit union has a realistic SHARE product mix and pricing policy Determine whether the SHARE program meets the needs of the members Analyze the SHARE mix to determine whether it provides for adequate earnings Determine whether the SHARE program incorporates adequate internal controls Evaluate the reasonableness of fluctuations

Chapter 14 ~ ~~~~ SHARE STRUCTURE Examination 0 bjectives 0 Associated Risks Overview Determine whether the credit union has a realistic share product

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