For another week, the dispute over the CAMEL rating disclosure involving the NCUA, the North Carolina Credit Union Division and the $23 billion State Employees’ Credit Union of Raleigh, N.C., continued to roil the state’s CUs as managers expressed new frustration and anxiety over dual exams.
Plenty of attention to go around for players in the NCUA-N.C. showdown over CAMEL scores.
State regulator disputes NCUA meeting account; SECU's Blaine lashes NCUA about "underpants on fire."
Self-Help CU CEO Martin Eakes calls for NCUA Chairman Debbie Matz to come to North Carolina to settle the dispute.
One CEO: "A tempest in a teapot and we're the teabag." Another calls examiner visits a "blitzkrieg."
I was very happy to see both Chip Filson and Jim Blaine support the release of CAMEL ratings (CU Times, Jan. 25, page 1).
State agency says NCUA sending examiners from across the country to examine Tarheel State credit unions.
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.
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 NCUA says it's protecting the system. Critics say the agency is protecting itself. Check out this print preview from next week's print edition of Credit Union Times.