The National Credit Union Administration (NCUA) in 2014 issued 69 preliminary warning letters, 152 letters of understanding and agreement (all were unpublished), and 5 cease and desist orders.
In comparison, NCUA in 2013 issued 76 preliminary warning letters, 224 letters of understanding and agreement (of which one was published), and 1 cease and desist order.
The information was obtained through a Freedom of Information Act request.
As I have previously reported, NCUA does not publish the number of enforcement orders in its Annual Report, unlike the other federal banking regulators.
Thanks for taking the initiative and time to do this. It's important information and should have been disclosed by the agency in the report. And my trade organization should insist that it's done. But I guess they are busy, still navel gazing.
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