League said it plans to have a special meeting next week to discuss how to “protect our credit unions” after NCUA decision to require dual exams following CAMEL score disclosure.
Amid the sun, sand and waves on the Wailea Beach of Maui, something evil lurked last week at The Paragon Group’s Volunteer Leadership Conference. It wasn’t far below the serene and relaxed surface and without much effort it managed to swallow the ballroom whole. That beast was palpable in the...
CAMELs aren’t usually a source of controversy in a place known for basketball and tobacco. At issue is the NCUA’s fight with state regulators over the release of the CAMEL rating of State Employees Credit Union.
The NCUSIF’s equity ratio remained at 1.31% for the third consecutive month in September, according to a report to the NCUA board by the agency’s chief financial officer Mary Ann Woodson at its Oct. 27 meeting.
Agency reports at monthly meeting that percentage of shares in problem CUs continues to drop.
If nothing’s wrong, there should be nothing to hide, CEO Jim Blaine said of his credit union’s decision to publicize its CAMEL score.
The CEO at the nation’s second-largest credit union said his institution doesn’t need to hide its CAMEL score, perhaps others shouldn’t either.
The nation’s second-largest credit union said it is publicly disclosing its CAMEL score as a show of transparency to its 1.7 million members.
Sarah Snell Cooke’s column, “Parsing the Possible Harm Awaiting NCUSIF” (Aug. 17 issue) presents some unfounded extrapolations about potential losses to the NCUSIF. The column simply took the assets of all CAMEL 4 and 5 credit unions, assumed they would all fail and applied the average loss ratio of 17%...
In what it said is an effort to increase transparency, the NCUA announced that it will begin sharing CAMEL ratings with federally insured state-chartered credit unions.