In a supervisory report released by the CFPB March 8, the regulator found some credit unions it regulates in violation of certain deposit reporting regulations.
The CFPB declined to comment or provide clarification to CU Times regarding which credit unions were in violation of the deposit reporting regulations. The bureau regulates financial institutions with more than $10 billion in assets.
Credit unions overseen by the bureau include: Navy Federal Credit Union, based in Vienna, Va. ($69.9 billion in assets); State Employees' Credit Union based in Raleigh, N.C. ($30.8 billion in assets); Pentagon Federal Credit Union, in Alexandria, Va. ($18.6 billion in assets); Boeing Employees Credit Union, in Tukwila, Wash. ($13.6 billion in assets); and, SchoolsFirst Federal Credit Union, in Santa Ana, Calif. ($11.4 billion in assets).
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