ALEXANDRIA, Va.-NCUA will implement new measures to strengthen the agency's oversight and protect credit unions against brokered CD fraud. "Almost 100 federally insured credit unions incurred losses as a result of fraudulent certificates of deposit brokered by Bentley Financial Services, Inc. and other credit unions have been victimized by a few CD brokers in the past," NCUA Board Member Deborah Matz said. After a three-month study initiated by Matz and supported by the entire NCUA Board, NCUA announced changes to reduce potential fraud loss related to brokered CDs. Elements of the plan announced last week include: 1. Credit unions will be required to report on quarterly call reports outstanding balances of CDs purchased through or from a broker-dealer. 2. NCUA will generate risk reports that identify credit unions with large concentrations of brokered CDs and significant increases in brokered CD portfolios. 3. The NCUA Examiner's Guide will be amended to improve the guidance provided to examiners on brokered CDs, particularly concerning due diligence reviews of brokers and safekeepers. 4. NCUA enhanced investment work papers in Automated Integrated Regulatory Examination System (AIRES) to assist examiners in reviewing brokered CDs. 5. NCUA will increase examiner training on brokered CDs to heighten awareness of the associated risk.