The material loss report on the failed Taupa Lithuanian Credit Union reveals red flags back in 2010. The failure cost the NCUSIF $33.5 million.
Acting North Carolina Credit Union Administrator Rose Conner said she agreed to not release any state-issued CAMEL codes under her watch. That was good enough for the NCUA to agree Feb. 8 to end separate exams for North Carolina’s state chartered credit unions.
Separate exams in 2012 part of protracted dispute between state, federal agencies over SECU CAMEL score disclosure.
Agency stands by examiner who witnesses said allegedly called himself “The Liquidator” and made inappropriate statements to four female employees.
An NCUA Office of Inspector General’s investigative report revealed that the federal regulator questions the safety and soundness of the $25 billion State Employees’ Credit Union, the nation’s second largest.
CEO Jim Blaine said nation's second-largest credit union is sound and that SECU "can't get a straight answer" from federal regulators.
State Employees' Credit Union chief says he disagrees with NCUA inspector general's findings in new report.
Office of Inspector General says regional chief did not make false statements about N.C.'s SECU following CEO Jim Blaine's disclosure of its CAMEL score.
North Carolina dual exams expected to be topic of Hike the Hill, NCUA visit on May 8-9.
In the ongoing pursuit to recover alleged mismanaged funds, another lawsuit tied to the collapse of New London Security Federal Credit Union has been dismissed.