The agency's risk management director discusses post-Taupa examination procedures.
The $1.6 billion TruMark Financial will assume the credit union's members, shares and a majority of loans.
The state chartered $141,494 Metropolitan Church of God CU is handed over to the NCUA for liquidation.
Net worth at the credit union drops from 11% in Sept. 2013 to 0.85% one year later.
NCUA says onsite WesCorp and other corporate examiners were limited by regs, not influenced by executives.
NCUA official says a lack of regulatory authority is to blame. Material loss reviews concur.
The NCUA liquidates the $5M Louden Community CU. Its June 30 financials are far better than peers.
After IBEW Local 816's July 10 liquidation, C-Plant picks up most of its loan portfolio and members.
ASI liquidates the $14M Illinois institution after declaring it insolvent.
The NCUA refuses to provide subpoenaed documents that could detail management and examiner responsibility for corporate failures.