United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1997-10-22 monographic deposited born digital 13 p. GA 1.13:T-AIMD-98-20 https://www.govinfo.gov/app/details/GAOREPORTS-T-AIMD-98-20 P0b002ee180381d90 f:ai98020t DGPO 2010-08-12 2011-03-28 GAOREPORTS-T-AIMD-98-20 machine generated eng fdlp REPORT GAOREPORTS-T-AIMD-98-20 T-AIMD-98-20 Information systems Credit unions Computer software Data integrity Systems conversions Bank examination Financial management systems Internal controls Strategic information systems planning ADP NCUA Year 2000 Strategy Other Written Product AIMD Pursuant to a congressional request, GAO reviewed the National Credit Union Administration's (NCUA) progress in making sure that the automated information systems belonging to the thousands of credit unions it oversees are ready for the upcoming century change.<p/>GAO noted that: (1) NCUA has taken steps to address the Year 2000 problem; (2) these involve incorporating the Year 2000 issue into its examination and supervision program, disseminating information about the problem, and assessing Year 2000 compliance on the part of data processing vendors; (3) concerns exist that must be resolved if the NCUA is to achieve greater certainty that credit unions will meet their Year 2000 deadline; (4) NCUA still does not have a complete picture of where credit unions and their vendors stand in resolving the Year 2000 problem, and current efforts to determine credit union compliance are behind the schedule established by GAO and the Office of Management and Budget (OMB); (5) while NCUA sent questionnaires to credit unions and data processing vendors about the problem, it has not yet queried 20 percent of credit unions and has only received 29 of 87 vendor responses; (6) of the credit union and vendor responses received, NCUA has not yet analyzed this information to identify high-risk credit unions and vendors; (7) further, the surveys did not specifically ask about the status of corrective efforts and whether interface issues were appropriately being addressed; (8) NCUA has directed credit unions to conduct contingency planning and its staff have discussed what steps they should take should a credit union not be compliant by January 1, 2000; (9) however, the agency still lacks a formal contingency plan; (10) NCUA must take prompt action to ensure that these discussions are formally documented so that it will be well-positioned to handle unforeseen problems; (11) as potentially damaging as the Year 2000 problem is, NCUA has not yet ensured that the issue is addressed by credit union auditors; (12) doing so would provide credit union management with a greater assurance and understanding about where their institution stands in addressing the problem; (13) NCUA does not have enough staff qualified to conduct examination work in complex system areas; (14) at present, NCUA is in the process of hiring an electronic data processing (EDP) auditor and is requesting authority to hire 2 more; and (15) these personnel additions may not suffice given the tremendous workload and short time frame for getting it done. https://www.govinfo.gov/content/pkg/GAOREPORTS-T-AIMD-98-20/html/GAOREPORTS-T-AIMD-98-20.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-T-AIMD-98-20/pdf/GAOREPORTS-T-AIMD-98-20.pdf GAO/T-AIMD-98-20 https://www.govinfo.gov/app/details/GAOREPORTS-T-AIMD-98-20 Other Written Product GAO/T-AIMD-98-20; Year 2000 Computing Crisis: National Credit Union Administration's Efforts to Ensure Credit Union Systems Are Year 2000 Compliant; Information systems Credit unions Computer software Data integrity Systems conversions Bank examination Financial management systems Internal controls Strategic information systems planning ADP NCUA Year 2000 Strategy