Callahan chairman says financial statements display flawed methodology.
This opinion piece calls for the NCUA to account for how it spends all the dollars in all its funds.
A Nov. 1 Inspector General report said NCUA divisions reported different estimated share insurance fund loss amounts for all six purchase and assumption agreements completed during a 2012 review period.
New report cites variances in liquidation, P&A losses, and from reporting offices within agency.
Trade group meets with new NCUA Board member to explain position on proposed CUSO rule changes.
ALEXANDRIA, Va. — NCUA Board Member Rick Metsger: " I don’t see it being wise to say we’re going to hire a bunch of people to go look at everyone’s books."
Measure would allow credit unions to utilize uninsured, non-share accounts to supplement capital.
Agency says at monthly meeting that four first-quarter liquidations have cost $75,000 in associated losses.
A combination of growth in assets and a decrease in the overhead transfer rate means an 0.24% increase to the NCUA’s 2013 operating fee scale for federal credit unions with more than $1 million in assets, according to a Letter to Federal Credit Unions posted on the regulator’s website.
The creeping economic recovery has pushed credit unions to think more creatively to generate new revenues and efficiencies. A story we posted referring to Kern Schools Federal Credit Union last year drew an angry comment from a member recently.