An NCUA Office of Inspector General’s investigative report revealed that the federal regulator questions the safety and soundness of the $25 billion State Employees’ Credit Union, the nation’s second largest.
Keep an eye on these hot little numbers coming down the credit union runway this season. It could help your institution become the next top credit union.
CEO Jim Blaine said nation's second-largest credit union is sound and that SECU "can't get a straight answer" from federal regulators.
State Employees' Credit Union chief says he disagrees with NCUA inspector general's findings in new report.
Office of Inspector General says regional chief did not make false statements about N.C.'s SECU following CEO Jim Blaine's disclosure of its CAMEL score.
North Carolina dual exams expected to be topic of Hike the Hill, NCUA visit on May 8-9.
Now in its sixth month, the CAMEL rating stalemate in North Carolina between the NCUA and the North Carolina Credit Union Division morphed into new territory last week with Jim Blaine, the president/CEO of State Employees’ Credit Union, again attacking the NCUA’s credibility.
First, Bauer Financial already risk rates credit unions for free. Any member can check it out. Second, slippery slope. Once people start releasing this information, those that don't will be suspect of hiding something.
In this Print Preview from our Feb. 29 issue, credit union people answer this question: "Should CAMEL ratings be disclosed?"
The CAMEL rating standoff between NCUA and the North Carolina Credit Union Division showed no signs of change Tuesday.