Commodore Perry FCU Gets Appeal Extension
NCUA Chairman Debbie Matz has granted the $32 million Commodore Perry Federal Credit Union a 60-day extension on its Supervisory Review Committee appeal, according to President Tom Renz.
NCUA Public Affairs Specialist John Fairbanks confirmed the extension, and said the new deadline is now March 18 for the Oak Harbor, Ohio, credit union.
Commodore Perry appealed the results of its 2012 exam after it claimed examiner Roger A. Clark harassed employees and that Clark then retaliated by giving the credit union a riskier CAMEL score after management complained.
Renz said the extension was granted to give the credit union and NCUA Regional Director Herb Yolles an opportunity to iron out some of their differences that resulted in Yolles rejecting the credit union’s original exam appeal.
He credited Yolles for “keeping the lines of communication open” and said the regional director has been open to listening to the credit union’s position and has likewise explained the NCUA’s point of view.
Renz also applauded Matz’s involvement and willingness to grant the extension.
Yolles upheld the exam results in August, prompting the credit union to elevate the appeal to the SRC, which heard the credit union’s appeal Nov. 7. The SRC rejected Commodore Perry’s appeal Dec. 19.
Should the two parties still disagree after the 60-day extension, the only remaining step for Commodore Perry would be to appeal the SRC’s decision to the NCUA Board. Renz would not say if he will consider that action should he be dissatisfied with the results of the extension.