The standoff between the NCUA and the North Carolina CreditUnion Division continued Tuesday with each side mum on whether aresolution of the dispute over dual exams and CAMEL scoredisclosures is in the offing.

There also was no response to state credit union leaders'appeals for NCUA Chairman Debbie Matz to come to North Carolina fordiscussions to help resolve the issue. The agency did, however,call for state regulators to stop the pilot program of revealingthe scores so the NCUA could resume partnering with stateregulators.

The NCUA has said that key element of the dispute – dual examsof 52 state-chartered federally insured credit unions – has ended for now. But whether they could be an annual affairwithout a resolution of the dispute remains unclear, sourcessaid.

Meanwhile, Jerrie Jay, administrator of the North CarolinaCredit Union Division, reiterated her contention that NCUA hasfailed to be forthright in dealings with the state agency with fullcounsel present.

“Neither I nor my attorney have had a response to my Decemberrequest for NCUA to return to North Carolina so we can all havecounsel present,” Jay said Tuesday. She also complained that heragency was left out of the loop in a letter sent Monday to NorthCarolina CUs detailing the conditional end of dual exams.

The NCUA has accused the state agency of violating regulatory trust and erring in authorizing the $26billion State Employees' CU of Raleigh to publish its CAMEL 2rating. The NCUA responded by conducting its own examinations ofthe state-chartered CUs, saying it was necessary to protect theNCUSIF.

That drew the ire of credit union executives, the North CarolinaCredit Union League and from SECU President/CEO JimBlaine.

Blaine has sharply and repeatedly blasted NCUA for its “completelack of dialogue” with his CU and North Carolina CEOs on a matterhe has deemed urgent to national interests on transparency. Meanwhile, the NCUA's David Marquis, executivedirector, said the agency “looks forward to resuming dual examswith the North Carolina state regulator upon termination of itspilot program authorizing federally insured credit union release ofa CAMEL rating.”

Marquis concluded, “We await NCCUD's decision on whether it willreconsider this pilot program, so that we can move forward togetherto rebuild trust and resume joint examinations.”