BOSTON-NCUA said it is amending its exam process to better protect against fraud-particularly at small credit unions.

"A small credit union going out of business is a relatively small loss, unless fraud is involved-you can have a $2 million credit union that actually causes the agency a $5 million loss," said Bill Myers, director of NCUA's Office of Small CU Initiatives. Myers addressed a group here during NAFCU's Annual Conference.

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