CAMEL Peace In Our Time
Acting North Carolina Credit Union Administrator Rose Conner said she agreed to not release any state-issued CAMEL codes under her watch. That was good enough for the NCUA to agree Feb. 8 to end separate exams for North Carolina’s state chartered credit unions.
NCUA Chairman Debbie Matz confirmed the agreement, saying “Administrator Conner has given me her word that NCCUD’s affirmative policy moving forward will not authorize any public release of confidential examination information, especially CAMEL ratings. With this new commitment and policy from the state regulator, we look forward to resuming joint examinations, training and open communications with NCCUD.”