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.
State league calls for state, federal regulators to meet and resolve issue.
Small credit union CEO says she was surprised by two-week visit and was told NCUSIF would pick up the tab.
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.
Credit unions in eastern North Carolina began preparing for Hurricane Irene Friday, closing branches, bracing for followup.
Tarheel CUs may soon be able to entice savings by offering grand prizes to members in a statewide lottery.
The Investor Education in Your Workplace program is being rolled out in North Carolina, with an initial quiz and survey set for March 28. Coursework and a final quiz and survey are scheduled for July 1.
The North Carolina Credit Union League and the league's service corporation have announced that they have voted unanimously to contribute their "fair share" toward the recapitalization of First Carolina Corporate Credit Union.