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NCUA Looking to Eliminate Exam Matrix

Long criticized as out-dated and "one-size-fits-all," the CAMEL Matrix used by NCUA and NASCUS could soon be a thing of the past.

By Sarah Snell Cooke | Updated on September 28, 2007

ALEXANDRIA, Va. — Long criticized as out-dated and “one-size-fits-all,” the CAMEL Matrix used by NCUA and NASCUS could soon be a thing of the past.

NCUA announced today that it is working with NASCUS and the credit union trade groups to discuss the possible elimination of the CAMEL Matrix. Last year, NCUA Director of Examination & Insurance Dave Marquis issued a Supervisory Letter to examiners earlier this year that was shared with credit unions stating that the 1% ROA requirement included in the matrix was not a hard and fast rule.

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