News NCUA Board member defends next year's agency budget.
JP Morgan settlement a great holiday present, Matz says.
Association pleased NCUA listened to CUSO concerns, but overall still skeptical about rule.
Momentous board meeting marks end to corporate assessments, but adds hideouts and budget dodges.
NCUA complaint reveals suicide note on computer that lays out pursuit of "sinful things."
Agency board fills to-do list for Nov. 21 meeting.
The NCUA told Credit Union Times Oct. 30 it is currently developing new exam procedures to improve the identification of fraud risk indicators, especially at small institutions.
According to the credit union industry's two major trade associations, the NCUA's proposed stress test rule is unnecessary because the four largest credit unions in the nation already conduct their own tests.
It's been encouraging to see the ample response we've received to our ongoing coverage on reputation risk as it relates to small credit union fraud. Most of the feedback has been positive, with vendors and credit union managers alike saying the issue can no longer be ignored.
The $14.3 million Mayfair FCU has been losing money; fourth conservatorship this year.