DENVER — Jim Blaine, president/CEO of the $25 billion State Employees' Credit Union, took NCUA Chairman Debbie Matz to task during a tense exchange about separate exams for North Carolina's state-chartered credit unions following Matz's address Wednesday at the 2012 NASCUS Summit.
Jack Braswell, CEO of the $240 million Members Credit Union in Winston-Salem, N.C., opened the can of worms during Matz's question-and-answer session when he asked about an invitation the North Carolina Credit Union League had extended to Matz, asking to meet about the exams.
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Braswell asked Matz if she had received the invitation, and if she would be willing to accept it.
Matz said she did receive the invitation and had replied, declining the offer. The NCUA has made clear what North Carolina state credit union regulator Jerrie Jay would have to do to end the duplicate exams, Matz said, and those requirements have not yet been met.
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