The National Credit Union Administration (NCUA) has taken action against three individuals, permanently prohibiting them from participating in the affairs of any federally insured depository institution. Sarah C. Conley, a former employee of Summit Federal Credit Union in Rochester, New York, Carlene Bartley, a former employee of Municipal Credit Union in New York, New York, and Esther A. Olson, a former employee of Educational Employees Credit Union in Fresno, California, are the individuals named in the prohibition notices and consent order issued by the NCUA in March...
The National Credit Union Administration (NCUA) disclosed its Office of Minority and Women Inclusion (OMWI) Annual Report to Congress for fiscal year 2023, underscoring the agency’s dedication to diversity, equity, inclusion, and accessibility. NCUA Chairman Todd M. Harper emphasized the agency's strong commitment, stating, "The NCUA has a deep commitment to diversity, equity, inclusion, and accessibility." He further linked this commitment to the historical role of credit unions in serving marginalized communities.Key highlights from the OMWI 2023 Annual Report to...
The National Credit Union Administration (NCUA) has announced that its four funds have received unmodified, or "clean," audit opinions for the year 2023. This information was revealed in the audited financial statements released by the agency's Office of Inspector General.The financial statements were audited by the independent auditor KPMG LLP and cover the National Credit Union Share Insurance Fund, the agency's Operating Fund, the Central Liquidity Facility, and the Community Development Revolving Loan Fund. These funds play a crucial role in protecting the deposits...
