White House Withdraws Decker From NCUA Nomination
The White House has removed Carla Decker from consideration as a member of the NCUA Board.
News Update, March 13, 2012: Industry Leaders Thank Decker for Stepping Forward
Decker is the CEO of the 10,600-member District Government Employees Federal Credit Union, a CDCU which has had a CAMEL rating as low as 3 and been criticized in an exam as “strategic high risk,” according to an exam report obtained by the Credit Union Times in 2011.
The December 2010 exam challenged the CU for not having foreclosure procedures; inadequate reporting to the credit union’s board on information security, and willingness by management to assume an unacceptable level of interest rate risk.
The $46 million credit union’s overall CAMEL rating was a 3. Its other ratings were: 1 for capital, 3 for asset quality, 3 for management, 4 for earnings, and 2 for asset liability management.
The NCUA launched an investigation into the source of the leaked exam report and the nomination had been seen as troubled since the report became public.
Decker was to have replaced NCUA Board member Gigi Hyland whose term on the board expired in August 2011.