NCUA Chairman Debbie Matz last week announced the selection of James Hagen as the agency’s next inspector general. Hagen, the current deputy inspector general for audit, will assume his new post June 1. He will succeed William DeSarno, who is retiring.
Seven weeks after slapping it with a cease-and-desist order, the NCUA has placed Philadelphia’s People for People Community Development Credit Union into conservatorship.
NCUA ends first week of 2012 with first conservatorship of year: Philadelphia's People for People CDCU.
Philadelphia credit union ordered to complete audit statement, charge off uncollectible loans and maintain a Bank Secrecy Act compliance program.