Credit unions and regulators should revisit the realities and focus of IRR modeling, and the resulting balance sheet strategies.

WASHINGTON - NCUA Board Member J. Mark McWatters called for the NCUA to put more effort toward preventingfraud rather than issuing new rules and regulations.

WASHINGTON - Larry Fazio, director of the NCUA Office of Examination and Insurance, said the federal agency will be modernizing AIRES, its technology platform used to conduct exams that will feature a new portal enabling examiners and credit unions to exchange information.

Two businessmen who embezzled millions receive two and three years in prison, respectively.