State Employees' Credit Union has asked the NCUA's Office ofInspector General to investigate “untrue'' statements made by a keyNCUA official about the credit union's release of its CAMEL rating.

State Employees' CU President/CEO Jim Blaine contends that theNCUA based its decision to stop joint examinations of NorthCarolina's state-chartered federally insured credit unions –and conduct its own – on two statements made by NCUA Region IIIDirector Herbert Yolles.

Blaine said Yolles erroneously accused his credit union ofimproperly obtaining a draft of a document of resolution that wasbeing developed by the NCUA from the North Carolina Credit UnionDivision.

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