In one sentence
The National Credit Union Administration's examination of a credit union, including scrutiny of its commercial and member business lending.
The longer version
NCUA examines credit unions for safety and soundness, and commercial lending draws particular attention: underwriting quality, concentration, and especially independent analysis on participations. Findings can constrain a program.
Exam readiness for a credit union is not a mode; it is a default state, because the file is an examination artifact from the day it is created.
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