Monday, June 18, 2018

10 Most Expensive NPCU Failures to the NCUSIF

Based upon information obtained from the National Credit Union Administration through a Freedom of Information Act, the following table lists the 10 most expensive natural person credit union (NPCU) failures to the National Credit Union Share Insurance Fund (NCUSIF).

The losses to the NCUSIF are based upon estimates at the time of the credit union's failure that was from public documents.

However, estimated versus actual losses may diverge.


  1. Would be great if NCUA released actual losses. The Telesis loss should be more than listed after selling its two CUSOs.

  2. Where are the NCUA work prohibition orders on these former CEO's? There are none. Here again the NCUA drops the ball. Now these same folks having raped, pillaged and plundered there respective credit unions are out trolling. Now highly compensated credit union consultants. Rewarding bad behavior they spread toxic waste throughout the industry. Where is the claw back on Telesis CU CEO's $2M SERP? Paid out shortly before the conservatorship and subsequent liquidation. And now Grace Mayo is a credit union consultant. Can the NCUA say: work prohibition order?



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