The NCUA's Supervisory Review Committee has rejected the 5,000-member, $32 million Commodore Perry Federal Credit Union's appeal of NCUA Regional Director Herb Yolles' decision to uphold the results of the agency's most recent exam.

The move is the latest in an ongoing dispute in which the credit union had alleged the male NCUA examiner retaliated against the credit union by lowering its CAMEL rating after the credit union complained he had sexually harassed female members of the credit union's staff.

The NCUA's Office of Inspector General investigated the credit union's claims but said it could not substantiate them. Nor did the OIG make its report public.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.