ALEXANDRIA– NCUA issued one prohibition notice in April, while its Inspector General has sent a letter saying none of its programs are at risk of “significant” improper payment.
As a result of the prohibition order, the individual is prohibited from participating in the affairs of any federally insured financial institution.
Issued the order was Tanya Green-Smith, a former employee of Northwood Federal Credit Union in Philadelphia, who was sentenced on the charges of theft by unlawful taking-movable property, theft by deception-false impressions, forgery, and tampering with records or identification.
OIG Letter
Separately, a letter from NCUA’s Office of Inspector General has found none of the agency’s programs are considered to be susceptible to “significant” improper payments as defined by the Improper Payments Elimination and Recovery Act (IPERA).
The letter was sent to the chairman of the Senate Homeland Security and Government Affairs Committee.
The IPERA required federal agency inspectors general to annually assess and report on improper payment risk assessments by the respective agencies. NCUA’s IG noted “significant” improper payments are defined as gross annual improper payments in a program exceeding both 1.5% of program outlays and $10 million of all program payments made during the year, or $100 million regardless of the percentage.
Reaching Financial Conclusion
In the letter to Chairman Ron Johnson (R-WI), NCUA Inspector General James Hagen said the OIG reviewed the agency’s 2019 risk assessment of all of its programs and activities and determined that these programs and activities have a low risk of significant improper payments. “To reach our final conclusion, we reviewed both the NCUA’s risk assessment and its 2019 annual report for compliance with IPERA requirements,” Hagen said in the letter. “We agree with the NCUA’s overall risk analysis and because the NCUA’s improper payment amount was below the statutory threshold, we have nothing further to review for compliance under IPERA. “