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ALEXANDRIA, Va. (March 5, 2020) — National Credit Union Administration Chairman Rodney E. Hood issued the following statement in response to an Office of Inspector General investigation into allegations of misconduct in a specific NCUA office: 

In November 2019, the NCUA learned about allegations of misconduct, including allegations of behaviors that may have constituted harassment, which were immediately reported to the Office of Inspector General. Because the accusations involved possible abuse of work time, the Inspector General opened an investigation. The resulting investigative report was issued to the NCUA Board in February 2020. 

I was surprised and disappointed to learn of the activities described in the report. They are unacceptable and do not represent the values of this agency. 

Ensuring a professional work environment for all employees is a top priority. The NCUA is evaluating the organization’s policies and processes for reporting allegations and is taking additional actions. These actions include requesting the NCUA Board create an Office of Ethics Counsel, supplementing our existing anti-harassment training programs, and offering additional third-party counseling services to employees.

Harassment and misconduct have no place at the NCUA. These types of behaviors are unacceptable and will not be tolerated. The agency is committed to creating a culture where we treat every employee with the utmost respect and dignity.