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NCUA Applauds GAO Report

The U.S. Government Accountability Office on Wednesday issued its report on corporate credit unions and the NCUA. And the reports title tells the story: Earlier Actions Are Needed to Better Address Troubled Credit Unions.

By Robert McGarvey | Updated on January 09, 2012

The U.S. Government Accountability Office on Wednesday issued its report on corporate credit unions and the NCUA. And the report’s title tells the story: “Earlier Actions Are Needed to Better Address Troubled Credit Unions.”

Called for in the National Credit Union Authority Clarification Act of 2011, the GAO report examined the why’s of the collapse of multiple corporate credit unions and what NCUA might have done differently.

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