Some credit union activities are under review.

The National Credit Union Administration is investigating whether officers of some credit unions have indulged in activities that benefited themselves or other insiders, the head of the federal regulatory agency said. NCUA Chairman Roger W. Jepsen told an industry group that the inquiry into insider dealing is being made because the agency now has no comprehensive policy on alleged conflicts of interest by credit union executives. By midyear, he said, the board will consider recommendations that may involve tighter examination procedures and new regulations.