The four exams cover a wide variety of compliance topics. Each exam contains 50 questions, with a mix of True/False, Yes/No and complex multiple-choice questions. A passing grade is 76% correct (38/50).
Below is a breakdown of NAFCU's Credit Union Compliance GPS by chapters as well as details on the number of NCCO exam questions on each topic. We recommend that you download NAFCU's 2013 NCCO Exam Study Guide for further information on the exams and process.
Please study with the GPS version that matches the exams that you have purchased (i.e., you will want to use the 2013 GPS to study for the 2013 exams).
Exam 1 |
|
Chapter 1 of the Compliance GPS |
50 Questions |
Section 1: Organization, Bylaws and Field of Membership |
12 Questions |
Section 2: The Legislative and Regulatory Process |
10 Questions |
Section 3: The Federal Credit Union Act and the NCUA |
3 Questions |
Section 4: The Consumer Financial Protection Bureau |
5 Questions |
Section 5: NCUA Supervision and Examination |
4 Questions |
Section 6: Special Credit Union Issues |
16 Questions |
Exam 2 |
|
Chapter 2 of the Compliance GPS |
50 Questions |
Section 1: Regulation D |
5 Questions |
Section 2: Regulation E |
8 Questions |
Section 3: Share Insurance |
6 Questions |
Section 4: Regulation CC |
6 Questions |
Section 5: Uniform Commercial Code Articles 3 & 4 |
6 Questions |
Section 6: Truth in Savings |
8 Questions |
Section 7: IRS Reporting Requirements |
5 Questions |
Section 8: E-SIGN Act |
6 Questions |
Exam 3 |
|
Chapter 3 of the Compliance GPS |
50 Questions |
Section 1: NCUA Lending Requirements |
10 Questions |
Section 2: Regulation Z |
13 Questions |
Section 3: Regulation B |
4 Questions |
Section 4: Fair Lending |
7 Questions |
Section 5: Regulation C – HMDA |
4 Questions |
Section 6: The Real Estate Settlement Procedures Act |
7 Questions |
Section 7: Fair Credit Reporting Act |
5 Questions |
Exam 4 |
|
Chapter 4 of the Compliance GPS |
50 Questions |
Section 1: BSA and OFAC |
17 Questions |
Section 2: Privacy of Member Information |
16 Questions |
Section 3: NCUA's Security Regulation |
7 Questions |
Section 4: Record Retention |
6 Questions |
Section 5: Vendor Management |
4 Questions |
Note: The material from the Appendix of the GPS is not tested.