A subjective examination process needs an objective appeals process, said Thomas Renz, president and chief development officer of the $32 million Commodore Perry FCU in Oak Harbor, Ohio.

That's why the credit union has elevated its exam appeal to the NCUA's Supervisory Review Committeeafter it was denied by Regional Director Herb Yolles in August.

Renz and CEO Mike Barr said Commodore Perry was the victim of retaliation at the hands of their examiner during the credit union's regularly scheduled exam earlier this ye

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
NOT FOR REPRINT

© 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.

Credit Union Management
Regulatory & Compliance