Seventeen failures and one voluntary liquidation recorded last year, agency said.
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.
Lynchburg, Va., police reported investigating allegations of missing funds, fraudulent loans.
Billion-dollar Los Angeles credit union picks up pieces of small counterpart shuttered by NCUA last week.
The $3.4 million I.C.E. FCU served Inglewood city employees and had 942 members, posting annual losses since 2009.
Callahan & Associates Chairman Chip Filson said he questions a nearly $2 billion reduction in the NCUA’s Central Liquidity Facility stock reported in October when U.S. Central Bridge was liquidated. Filson also posted a blistering Feb. 28 opinion piece on the Callahan website questioning the NCUA’s financial transparency on the...
Agency says it used $1.845 billion to pay out the failed corporate's largest liability. NCUA foe said it should have been kept separate.
Detroit's Amez United CU had 158 members and $168,865 in assets, and a lot of delinquent loans.