NCUA Chairman Debbie Matz on Tuesday asked the agency’s inspector general to investigate whether any agency employees disclosed the results of the examination and follow up documents concerning the credit union run by NCUA Board nominee Carla Decker, District Government Employees FCU.
News Update:
March 13, 2012: Decker NCUA Nomination Withdrawn
March 28, 2012: NCUA Bans Credit Union Board Member for Decker Disclosure
"While I am personally confident that the results of D.C. Federal Credit Union’s examination did not leak from NCUA, I have asked our Office of the Inspector General to fully investigate this issue, to determine which among the parties with access to the confidential examination information, whether NCUA or the credit union’s board or management, took this illegal action. Once we have all the facts, we will determine what action is appropriate,” Matz said in a statement.
Examination reports and other documents obtained by Credit Union Times showed that the credit union received a CAMEL 3 rating and was a “high strategic risk.”
Examination reports and follow up documents are considered privileged information and neither the NCUA nor the credit union are allowed to disclose their results, including the CAMEL ratings.
