The fact that only four credit unions have elevated an exam appeal to the NCUA's supervisory review committee in the past 10 years is a sign the exam system is working, Executive Director David Marquis told Credit Union Times.
The subject of many exam appeals–CAMEL coding–is a disagreement that involves non-public information, Marquis said, so credit unions aren't likely to elevate the dispute to the SRC level.
And, Marquis said the fact that no credit unions have won an appeal at the SRC level, and only 27% of credit unions win appeals at the regional level, means examiners are "getting it right."
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.
