The CAMEL rating standoff between NCUA and the North Carolina Credit Union Division showed no signs of change Tuesday despite a new attempt over the weekend by the North Carolina Credit Union League to bring sides together for a meeting.
The latest attempt to resolve the conflicting legal claims about publishing the CAMEL rating of the $26 billion State Employees' Credit Union of Raleigh arose in an exchange of emails between the treasurer of the league, Jeffery R. Jones, and Herbert R. Yolles, NCUA's Atlanta Region director.
"Just wanted to drop you a quick note to express how disappointed I am that you, or someone from NCUA, will not participate in a town hall meeting in North Carolina," wrote Jones in urging NCUA's legal staff or NCUA Chairman Debbie Matz to come to the state to resolve the fracas which has brought burdensome dual exams to 52 state-chartered CUs. NCUA has said it has no choice but to pursue such a policy because of the clash with North Carolina CU Administrator Jerrie Jay.
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.
