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By David Morrison |
December 19, 2012
Agency review panel again backs staff in examiner harassment charge; Ohio credit union eyes courts.
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By Claude R. Marx |
January 19, 2011
Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.
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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.
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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.
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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
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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.
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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
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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.
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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.
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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.
