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.
The NCUA’s Inspector General blamed Telesis Community Credit Union’s former management and board as well the NCUA and California Department of Financial Institutions for the Chatsworth, Calif.-based institution’s failure in a material loss review released March 20.
OIG says agency should amend capital rules to reflect higher risk in member business loan portfolio.
NCUA inspector general responds to California congressman's concerns about legal fees for Wall Street suits over securities losses.
Trade group also asks agency again to make its supervisory policy manual public.
The NCUA needs to do a more thorough review of how it protects the privacy of its computer users and data, according to a report by the agency’s Office of Inspector General.
The NCUA needs to do a more thorough review of how it protects the privacy of its computer users and data, its Inspector General says.
NCUA examiners didn’t follow up on many documents of resolution and as a result gave better CAMEL ratings to some credit unions than they deserved, according to a report by the agency’s Office of Inspector General.