ALEXANDRIA, Va.—The total number of outstanding enforcement actions for federally insured credit unions at the end of 2015 was down by approximately 21% from 2014—falling from 454 in 2014 to 359—according to NCUA’s annual report.
In the report the agency said the number of enforcement actions has steadily declined over the last five years as the “economy improved and federally insured credit unions have worked to address problems identified by field staff.”
NCUA said the number of enforcement actions declined for both federal credit unions and federally insured, state-chartered credit unions. The total number of enforcement actions at federal credit unions decreased by 24.5%, from 290 outstanding at the end of 2014 to 219 at the end of 2015. Total enforcement actions against federally insured, state-chartered credit unions decreased 14.6%, from 164 as of the end of 2014 to 140 at the end of 2015.