An examiner assigned to the $32 million Commodore Perry FCU did not harass employees or retaliate against the Oak Harbor, Ohio-based credit union, the NCUA said Oct. 9.
Agency stands by examiner who witnesses said allegedly called himself “The Liquidator” and made inappropriate statements to four female employees.
Agency says request for further explanation from small Ohio credit union adds 30 days to appeal process.
Commodore Perry Federal Credit Union of Oak Harbor, Ohio, is awaiting a ruling from the NCUA’s Supervisory Review Committee regarding an exam appeal that alleges that an NCUA examiner harassed employees and retaliated against the credit union after it complained.
The $32 million Commodore Perry FCU appeals exam findings after supervisors back agency staffer but offers to send different examiner next year.
Over the past 10 years, not once has a credit union won an exam appeal heard by the NCUA’s Supervisory Review Committee.
Wednesday House hearing will focus on bill that would give financial institutions ability to appeal results of examinations to an independent ombudsman.
NAFCU, CUNA sending credit union executives to testify on the Hill for measure that would allow financial institutions to contest examinations.