NCUA's office of Inspector General

• NCUA Rejects Commodore Perry Appeal

  By David Morrison  |  December 19, 2012

  Agency review panel again backs staff in examiner harassment charge; Ohio credit union eyes courts.

• GAO Report Will Look Into NCUA's Corporate Actions

  By Claude R. Marx  |  January 19, 2011

  Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.

• New NCUA Powers Spark Debate

  By Claude R. Marx  |  January 12, 2011

  A law passed by Congress giving the NCUA the power to make payments to the Temporary Corporate Credit Union Stabilization Fund without borrowing from the Treasury sparked an industry discussion about the agency's assessment process.

• NCUA First in Recouping Failed CU's Losses

  By Michelle A. Samaad  |  December 13, 2010

  As the liquidating agent, the NCUA said by law, it is the party, not members or others, to pursue actions first to recover monetary losses that followed the failure of New London Security Federal Credit Union.

• NCUA IG Reproves Examiners On Failures

  By Claude R. Marx  |  December 8, 2010

  If the NCUA and state examiners had been more aggressive in their oversight of 10 failed credit unions and management had been more effective and taken fewer risks, losses to the

• NCUA IG Slams Examiner Shortfalls in 10 CU Failures

  By Claude R. Marx  |  November 30, 2010

  If NCUA and state examiners had been more aggressive in their oversight of 10 failed credit unions, losses to the NCUSIF could have been stopped or mitigated, according to a report by the NCUA's Office of Inspector General.

• Nevada CUSO Sued by NCUA

  By Michelle A. Samaad  |  November 17, 2010

  North Star Business Services LLC, a CUSO that did business with the liquidated Ensign Federal Credit Union, has been hit

• NCUA IG Faults US Central Management and NCUA Oversight

  By Claude R. Marx  |  October 22, 2010

  The failure of U.S. Central Federal Credit Union was caused by the risky investment practices of its management and by insufficient examinations by the NCUA and weak regulation.

• NCUA Cites Fraud and Lax Examination as Causes of St. Paul Croatian FCU Failure

  By Claude R. Marx  |  October 14, 2010

  Fraudulent activity covered up by top leadership and a failure by NCUA examiners to adequately follow up on red flags caused the failure of St. Paul Croatian FCU, according to a report by the NCUA's Office of Inspector General.

• NCUA: Risky Investments, Poor Oversight Caused Two Nevada Failures

  By Claude R. Marx  |  October 13, 2010

  Poor decisions by management, including risky investments and inadequate oversight by examiners, caused the failure of Ensign FCU and Clearstar Financial CU, which cost the NCUSIF $42 million, according to reports.