Hatchet Buried: N.C. Regulator, NCUA Say No More CAMEL Releases, No More Separate Exams
Acting North Carolina Credit Union Administrator Rose Conner told Credit Union Times on Monday that she told the NCUA she will not release any state-issued CAMEL codes in the future.
The two regulators agreed Friday to cease separate exams for North Carolina’s state chartered credit unions. The move comes after Conner’s predecessor, retired Administrator Jerrie Jay, green lighted the publication of the $25.5 billion State Employees’ Credit Union’s state CAMEL codes last year, prompting the NCUA to conduct separate exams.