Seventeen failures and one voluntary liquidation recorded last year, agency said.
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.