National Credit Union Administration: Earlier Actions Are Needed to Better Address Troubled Credit Unions
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "From January 1, 2008, through June 30, 2011, 5 corporates and 85 credit unions failed. As of January 1, 2008, the 5 failed corporates were some of the largestaccounting for 75 percent of all corporate assetsbut the 85 failed credit unions were relatively smallaccounting for less than 1 percent of total credit union assets. GAO found poor investment and business strategies contributed to the corporate…
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Date:
January 4, 2012
Creator:
United States. Government Accountability Office.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department