Thomas Renz, president of the $32 million Commodore Perry FCU, said he expects a decision from the NCUA’s Supervisory Review Committee regarding his exam appeal by the first week in December.
SRC Chairman Joy Lee confirmed that timeline, saying the committee anticipates issuing a decision on the appeal within 30 days.
The Oak Harbor, Ohio-headquartered Commodore Perry alleges its riskier CAMEL score resulted from examiner retaliation after credit union management complained to NCUA that its examiner harassed employees.
Renz said the appeal hearing Wednesday at NCUA headquarters addressed the question of whether NCUA Region III Director Herb Yolles erred when he denied the credit union’s appeal of its CAMEL score.
The credit union told the SRC it doesn’t believe Yolles conspired to purposely deny the appeal but rather, depended upon “incomplete and incorrect” information from Examiner Roger A. Clark.
“We don’t have access to all the information (Yolles) had, but our exam report was incorrect,” Renz said.
The Ohio credit union executive called the hearing “very interactive” and said the three NCUA employees that sit on the SRC “listened” to what the credit union had to say.
Lee, the SRC chairman, told Credit Union Times on Friday the committee is “giving full, fair and independent consideration” to the information Commodore Perry officials presented in their appeal.
“The committee requested additional information from Commodore Perry and will also meet with appropriate NCUA staff. After that meeting and a review of the requested documents, the committee will be able to issue its decision in accordance with its guidelines and anticipates issuing a decision within 30 days,” Lee said.
{ The story line:
- Nov. 9, 2012 Commodore Perry Appeal Decision Due in 30 Days
- Nov. 2, 2012 NCUA OIG Denies Request for Report
- Oct. 26, 2012 Commodore Perry Appeal Set for Nov. 7
- Oct. 25, 2012 CPFCU Prez, Attorney Say Appeals Process Dodges Real Issue
- Oct. 25, 2012 Appeals Panel Can Toss Commodore Perry Exam Findings
- Oct. 24, 2012 Ohio CU Left Wondering How to Prep for Appeal
- Oct. 11, 2012 NCUA Stands by Examiner in Harassment Appeal
- Oct. 9, 2012 NCUA Buys Time in Commodore Perry Appeal
- Oct. 4, 2012 Commodore Perry FCU Says Documentation Proves Claims
- Oct. 3, 2012 Ohio CU Says NCUA Examiner Harassed, Retaliated }
