During the June 2008 examination, an NCUA examiner who had been recently assigned to New London11 became concerned with the excessive terms of some of the investments in the credit union’s $12 million portfolio. The examiner questioned the suitability of the investments and became further concerned when the credit union manager could not answer any questions about the investments. In addition, the examiner noted the printing on the credit union’s investment statement looked odd. Further, the examiner determined New London’s investment activity on its general ledger had not been updated since February 2008.