NCUA Chairman Debbie Matz said Wednesday the agency had no choice but to end its joint exams with North Carolina regulators because they "violated the trust'' by allowing State Employees' CU to release its CAMEL Rating.

News Update:                    Feb. 10, 2012 - NCUA Says Dual Exams Over, For Now

"We apologize for any inconvenience  as a result of our action but the decision to allow the release of the CAMEL rating is a violation of our policies and the sacred trust  that existed,'' Matz said during a virtual town hall meeting with credit unions .

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