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 .
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
Already have an account? Sign In Now
© 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.
