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.
Dallas credit union had $2 million in assets, 743 members.