Newsroom
NAFCU, CUs seek accountability at NCUA
The NCUA Office of Inspector General (OIG) Friday released a report reviewing allegations of misconduct at a NCUA office. NAFCU President and CEO Dan Berger in response called for the agency to have better oversight and accountability to prevent similar situations from occurring in the future.
"Credit unions have long been pushing for change at the NCUA – transparency, accountability, and prudent stewardship of the budget," Berger said. "We are encouraged to hear Chairman Rodney Hood is taking action to put processes in place to ensure this unacceptable behavior stops immediately and does not occur in the future."
NCUA Chairman Rodney Hood, in a statement released Thursday, said the NCUA learned of the allegations, "including allegations of behaviors that may have constituted harassment," in November 2019 and immediately reported it to the OIG. The NCUA received the OIG report last month.
In addition to reviewing the NCUA's current policies and processes related to reporting misconduct, Hood said the agency will propose that the NCUA Board create an Office of Ethics Counsel, supplement existing anti-harassment training programs, and offer additional third-party counseling services to employees.
NAFCU will continue to analyze the report and advocate for reforms at the NCUA to prevent future misconduct.