From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
Examiners and impossible due diligence requirements blamed for closure of state-legal marijuana business accounts.
CUNA Mutual, the NCUA and trades respond to the CFPB's announcement it will review checking account screening procedures.
NCUA says onsite WesCorp and other corporate examiners were limited by regs, not influenced by executives.
The CFPB will review how credit unions use reporting agencies to screen members when they open a checking account.
NCUA official says a lack of regulatory authority is to blame. Material loss reviews concur.
A university study finds credit unions file significantly fewer exam appeals than banks do.
While all comments regarding the proposed rule support securitization authority, most also say the NCUA is too restrictive.
Find out who the NCUA's top earners were in 2013, and how much they made.
McKenna earns nearly $250K while Chairman Debbie Matz ranks #100, earning $165K.