Decker Nomination: Total Silence Descends
When it comes to the status of Carla Decker’s nomination to the NCUA board, on Capitol Hill and at the White House the silence has been deafening.
March 13, 2012: Decker NCUA Nomination Withdrawn
March 28, 2012: NCUA Bans Credit Union Board Member for Decker Disclosure
Decker’s credit union, which has 10,800 members and assets of $45 million, reported a profit of $31,167 in the first six months of 2011. That follows losses of $119,797 for 2007, $369,282 for 2008, $483,946 for 2009, and $322,790 for 2010.
The examination report noted that the credit union had unreconciled ATM and ACH accounts going back to 2002 totaling $734,235 that were not written off. The report warned that if the funds were not discovered, they must be written off in the first quarter of 2011, which would likely result in net worth drop to 10.77%.