With a sharp increase in CAMEL 3, 4 and 5 credit unions, the NCUA has said it will ask its examiners to redouble their efforts to detect problems early on.
NCUA Chairman Debbie Matz recently said she was "very concerned" about the increase. The agency has ordered examiners to be proactive in trying to work with credit unions to solve problems and wants them to "step up their administrative actions."
Matz said she is especially concerned about losses from bad loans that were made because the credit union failed to do sufficient due diligence.
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