NCUA Bans Credit Union Board Member for Carla Decker CAMEL Disclosure
The disclosure of the CAMEL score at the credit union of former NCUA Board nominee Carla Decker has resulted in the ban of a board member there by the NCUA.
The agency on Wednesday said it has banned James Talbert, a former board and supervisory member at the 11,000-member, $46 million District of Columbia Employees Federal Credit Union, from any further participation in the affairs of a federally insured financial institution.
The NCUA said it found that Talbert had disclosed the credit union's confidential examination records and CAMEL rating, which the agency said breached his fiduciary duties in connection with his position at DC Federal Credit Union by unlawfully disclosing non-public information.
“Mr. Talbert consented to the issuance of a prohibition order to avoid the time, cost, and expense of administrative litigation,” the agency said.