Separate exams in 2012 part of protracted dispute between state, federal agencies over SECU CAMEL score disclosure.
SECU's Jim Blaine says publish, credit union lawyer Richard Garabedian says no. Audience says CAMEL itself's the problem.
The NCUA’s proposed rule that would allow it to declare state-chartered federally insured credit unions in “troubled condition” is the latest move by the federal regulator that has some state- chartered credit unions and their regulators crying foul.
Proposed NCUA "troubled condition" rule has some state-chartered credit unions, their regulators crying foul. Get the story early in this week's print preview.
League chair says resolution still necessary because of "new legal ground" federal regulators staked in ordering dual exams.
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.
The CAMEL rating standoff between NCUA and the North Carolina Credit Union Division showed no signs of change Tuesday.
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.
Self-Help CU CEO Martin Eakes calls for NCUA Chairman Debbie Matz to come to North Carolina to settle the dispute.
I was very happy to see both Chip Filson and Jim Blaine support the release of CAMEL ratings (CU Times, Jan. 25, page 1).