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The NCUA says Kressman will serve as acting GC while "we continue to conduct our search for the next General Counsel of the NCUA."

James Farrell already paid full restitution and has since secured a job as a bookkeeper for a law firm.

Credit union members will vote on the proposed merger on Dec. 9.

During the board meeting, officials from NAFCU, CUNA and others say they're hearing complaints about problems with examinations.

NCUA board members have called on Congress to grant the agency power over third-party vendors.

CU officials conduct a "review of the employee's file and hiring procedures that had taken place regarding this employee."