fraud net worthFraud was a factor in more than 41% of failed federally insured credit unions over the last 10 years, the NCUA said Thursday in its revised risk-based capital rule proposal.

|

In the last 10 years, 192 credit unions have failed. Of those, 78 failures were affected by fraud.  Click on the chart at left to expand.

|

Click here for complete coverage of the NCUA board meeting and the agency's revised risk-based capital proposal.

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

  • 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.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.