Agency executive director tells House panel that bill would raise NCUSIF tab, add regulation and not give any assurance of added benefit.
The NCUA’s decisions aren’t reviewed by third parties and credit unions don’t receive consistent messages, trades testify to Congress.
Wednesday House hearing will focus on bill that would give financial institutions ability to appeal results of examinations to an independent ombudsman.
John Kutchey to succeed Melinda Love, moving from E&I to COO/deputy executive director.
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.
One quarter of the unresolved items related to management issues.
Agency's executive director, David Marquis, testifies to House panel that adding underserved areas would address issue.
Agency executive director joining FDIC, OCC officials for session with House Financial Services Committee panel.
Although government work isn’t always lucrative, 25 NCUA employees make more than $201,000 annually, according to agency records.
NCUA Inspector General says poor investment decisions by executives and volunteers and inadequate oversight by the NCUA were the key factors in the heavy losses at Members United Corporate Credit Union.