United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2004-09-10 monographic deposited born digital 109 p. GA 1.13:GAO-04-977 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-977 P0b002ee18037d508 f:d04977 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-04-977 machine generated eng fdlp REPORT GAOREPORTS-GAO-04-977 GAO-04-977 Credit unions Financial institutions Financial management Internal controls Investments Regulatory agencies Risk management Other Written Product A12414 Thousands of credit unions have placed about $55 billion of their excess funds in corporate credit unions (corporates). In a three-tiered system, corporates provide lending, investment, and processing services for their member credit unions. Problems with investments in the past prompted regulatory changes that required higher capitalization and stricter risk management, but allowed for expanded investment authorities. GAO assessed (1) the changes in financial condition of the corporate network and (2) the oversight of corporates by the National Credit Union Administration (NCUA), the federal regulator of credit unions. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-977/html/GAOREPORTS-GAO-04-977.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-977/pdf/GAOREPORTS-GAO-04-977.pdf GAO-04-977 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-977 Other Written Product GAO-04-977; Corporate Credit Unions: Competitive Environment May Stress Financial Condition, Posing Challenges for NCUA Oversight; Credit unions Financial institutions Financial management Internal controls Investments Regulatory agencies Risk management