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#1312248 - 12/23/09 03:00 PM
what's wrong with a satis. rating?
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Power Poster
Joined: Apr 2005
Posts: 4,013
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We have received an outstanding for as long as I can remember. Then, someone said to look at the work going into getting this rating versus the rewards. And, to find out what downsides there are if we received a satisfactory rather than an outstanding. Comments welcome!!
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#1312268 - 12/23/09 03:12 PM
Re: what's wrong with a satis. rating?
Trees
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10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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There are no substantial regulatory implications between sat and Outst similar to the enforcement possibilities betweem sat and NTI.
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
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#1312272 - 12/23/09 03:15 PM
Re: what's wrong with a satis. rating?
Trees
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Platinum Poster
Joined: Aug 2006
Posts: 516
Ohio
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We've received satisfactory ratings for as long as I can remember. When I became the CRA Officer in 2005, the expectation was that I maintain the satisfactory rating, not improve it to an outstanding. Since I've never received an outstanding, I'm not sure what I missing out on. Bragging rights, for sure. It's a struggle for me, someone who strives for perfection, to settle for anything less. But I guess that's what you have to do when you wear so many hats.
_________________________
Don't make me say, "I told you so!" Sincerely, your friendly Compliance Officer.
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#1312276 - 12/23/09 03:20 PM
Re: what's wrong with a satis. rating?
Kelsey D
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Platinum Poster
Joined: Jan 2004
Posts: 968
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We've received satisfactory ratings for as long as I can remember. When I became the CRA Officer in 2005, the expectation was that I maintain the satisfactory rating, not improve it to an outstanding. Since I've never received an outstanding, I'm not sure what I missing out on. Bragging rights, for sure. It's a struggle for me, someone who strives for perfection, to settle for anything less. But I guess that's what you have to do when you wear so many hats. Ditto here!
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#1312471 - 12/23/09 05:38 PM
Re: what's wrong with a satis. rating?
Kathleen O. Blanchard
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Diamond Poster
Joined: Oct 2004
Posts: 2,090
Connecticut
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I haven't had time to check this out but I believe a benefit of an outstanding performance rating is a longer time interval between CRA exams.
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CRA Exam Preparation, CRA Performance Evaluations, Key Performance Benchmarks, & maps
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#1312522 - 12/23/09 06:09 PM
Re: what's wrong with a satis. rating?
Len S
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10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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That is significant Len! With 11 legal vehicles up until last year, we are in constant exam mode, so it's hard to determine what kind of interval we get.......shoot, they have permanent offices onsite....
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
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#1313667 - 12/28/09 03:27 PM
Re: what's wrong with a satis. rating?
Kathleen O. Blanchard
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Power Poster
Joined: Apr 2005
Posts: 4,013
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Hmmm. We are a Fed bank, (not OCC OTS, etc.) and are very strong. We seem be be examined every other year for CRA.....and that's with an outstanding rating.
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