The still-simmering dispute over CAMEL disclosures in North Carolina could prompt a third of the state-chartered credit unions there to switch to a federal charter, the North Carolina Credit Union League said.
That comes from a survey of 46 of the 48 state-chartered CUs done after the NCUA conducted a sweep of examinations of its own a few weeks ago following the CAMEL score disclosure by the $24 billion State Employees' Credit Union.
Meanwhile, the state's top credit union regulator, which authorized the release, said the federal agency continues to rebuff efforts to meet to discuss the situation.
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