Four credit unions caused losses to the National Credit Union Share Insurance Fund (NCUSIF) between October 1, 2016 and March 31, 2017, according to a Semiannual Report to the Congress issued by the National Credit Union Administration's Office of the Inspector General (IG).
The IG did not perform a material loss review on these failures, because none of the failures resulted in a loss of $25 million or more to the NCUSIF.
The following charts name the credit union, the estimated loss to the NCUSIF, and reasons for the failure of the credit union.
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