The NCUA's Office of the Inspector General said it found no evidence the NCUA's Office of General Counsel attempted to distort that an examiner was responsible for the loss of a flash drive during a credit union examination.
In December 2014, CU Times was the first to report the incident occurred at the $13 million Palm Springs Federal Credit Union in Palm Springs, Calif. The agency paid $50,000 as a result of the breach.
"(The) OIG concluded that the executive director's decision not to publicly announce the incident on NCUA's website was appropriate under the circumstances," the OIG's Management Advisory Review said.
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