Examiners Moved Out From the Shadows
The list is long on 2012 news and actions emanating from the NCUA: CUSO loan participations rules, an easier op-in process for low income credit union designation, a 6.1% increase in the agency’s budget for the next fiscal year and the October departure of Gigi Hyland.
Add to that the arguments over the competence of state examiners in the wake of the Telesis Community Credit Union collapse.
So, on Sept. 9, Barr and Renz submitted a 365-page appeal to the Supervisory Review Committee that included documentation they say proves the exam findings are inaccurate.
But in early October, the NCUA’s Office of Inspector General discounted Commodore Perry FCU’s allegations.