The former assistant manager/treasurer of the failed GICFCU receives federal prison sentence and hefty restitution bill.
Seventeen failures and one voluntary liquidation recorded last year, agency said.
As written, the NCUA's risk-based capital rule tilts the playing field toward banks.
Callahan & Associates Chairman Chip Filson and his Co-Ops for Change campaign challenged the NCUA's audit of the National Credit Union Share Insurance Fund's 2013 financial statements.
Callahan chairman says financial statements display flawed methodology.
This opinion piece calls for the NCUA to account for how it spends all the dollars in all its funds.
The NCUA's four permanent funds have received unmodified audit opinions for the year 2013.
NCUA Director of the Office of Examination and Insurance Larry Fazio explains the agency's controversial proposed rule.
NCUSIF, operating fund, community development revolving loan fund and CLF all received clean opinions from KPMG.
William J. Memmer accused of stealing $1.8M and understating assets by $5.7M, causing failure of $15.5M GICFCU.