Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A recent article in CU Times addressed the failure of Taupa Lithuanian Credit Union and the report issued by the NCUA Inspector General (IG). It keyed on the examination process, what the IG said could have been done better, and how the NCUA responded to the findings.

Financial regulators are and should be very cognizant of the fact that when an institution over which they have regulatory authority fails; they bear the burden of responding to why such an event occurred. In addition, they are mandated to put in place the steps necessary to correct any missteps on their part that contributed to the failure.

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?

Michael Fryzel

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.