State Employees Credit Union President/CEO Jim Blaine said he disagrees with the NCUA Office of Inspector General, who said in an investigation report released Tuesday that Jerrie Jay, administrator of the North Carolina Credit Union Division, leaked confidential NCUA documents to SECU officials.
The OIG did not investigate whether Jay leaked the documents, but rather, whether Herb Yolles, NCUA Region III Director, made a false statement when he accused Jay of leaking the documents in a July 2010 letter to her.
Blaine said whether or not Yolles lied is not the issue. Instead, he said he's concerned the NCUA is "trying to trash Ms. Jay and go after state-chartered credit unions," and added "the word 'leak' is very aggressive."
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