NCUA Chairman Debbie Matz has granted the $32 million CommodorePerry Federal Credit Union a 60-day extension on its Supervisory Review Committee appeal, according to President TomRenz.

NCUA Public Affairs Specialist John Fairbanks confirmed theextension, and said the new deadline is now March 18 for the OakHarbor, Ohio, credit union.

Commodore Perry appealed the results of its 2012 exam after itclaimed examiner Roger A. Clark harassed employees and that Clarkthen retaliated by giving the credit union a riskier CAMEL scoreafter management complained.

Renz said the extension was granted to give the credit union andNCUA Regional Director Herb Yolles an opportunity to iron out someof their differences that resulted in Yolles rejecting the creditunion's original exam appeal.

He credited Yolles for “keeping the lines of communication open”and said the regional director has been open to listening to thecredit union's position and has likewise explained the NCUA's pointof view.

Renz also applauded Matz's involvement and willingness to grantthe extension.

Yolles upheld the exam results in August, prompting the creditunion to elevate the appeal to the SRC, which heard the creditunion's appeal Nov. 7. The SRC rejected Commodore Perry's appealDec. 19.

Should the two parties still disagree after the 60-dayextension, the only remaining step for Commodore Perry would be toappeal the SRC's decision to the NCUA Board. Renz would not say ifhe will consider that action should he be dissatisfied with theresults of the extension.

{ The story line:

• Dec. 19, 2012 NCUA Rejects Commodore Perry Appeal
• Nov. 9, 2012 CommodorePerry Appeal Decision Due in 30 Days
• Nov. 2, 2012 NCUAOIG Denies Request for Report
• Oct. 26, 2012 CommodorePerry Appeal Set for Nov. 7
• Oct. 25, 2012 CPFCUPrez, Attorney Say Appeals Process Dodges Real Issue
• Oct. 25, 2012 AppealsPanel Can Toss Commodore Perry ExamFindings
• Oct. 24, 2012 OhioCU Left Wondering How to Prep for Appeal
• Oct. 11, 2012 NCUAStands by Examiner in Harassment Appeal
• Oct. 9, 2012 NCUABuys Time in Commodore Perry Appeal
• Oct. 4, 2012 CommodorePerry FCU Says Documentation Proves Claims
• Oct. 3, 2012 OhioCU Says NCUA Examiner Harassed,Retaliated }