ALEXANDRIA, Va. — Long criticized as out-dated and“one-size-fits-all,” the CAMEL Matrix used by NCUA and NASCUS couldsoon be a thing of the past.
NCUA announced today that it is working with NASCUS and thecredit union trade groups to discuss the possible elimination ofthe CAMEL Matrix. Last year, NCUA Director of Examination &Insurance Dave Marquis issued a Supervisory Letter to examinersearlier this year that was shared with credit unions stating thatthe 1% ROA requirement included in the matrix was not a hard andfast rule.
NCUA said it will continue to use the CAMEL internal ratingsystem and is confining its review to the matrix, an optionalexaminer tool.
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