Search
 
Commentary

NCUA's Dereliction of Responsibility

If the collapse of credit union corporate exposed anything at all, it brought to light the dereliction of the NCUA's oversight responsibilities which played heavily on corporate failures.

If the collapse of credit union corporate exposed anything at all, it brought to light the dereliction of the NCUA’s oversight responsibilities which played heavily on corporate failures.

What is galling, what is incomprehensible is that the NCUA has shown no remorse for its dereliction, rather it has had the audacity to rectify its failed oversight responsibility by imposing assessments that even healthy credit unions are hard pressed to cough up, assessments that couldn’t come at worse time. By what tortured reasoning is there any justification to burden credit unions with payouts during a recession?

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Westerman

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.