The NCUA examiner accused of retaliating against the $32 million Commodore Perry FCU displayed either extremely gross negligence or retaliation, said the Ohio credit union's president and chief development officer.

The credit union is awaiting a ruling, due Oct. 9, from the NCUA's Supervisory Review Committee regarding its exam appeal. The appeal is only the fifth heard by the committee in the past decade; none of the previous four were ruled in favor of the credit union

{ The story line:

• Oct. 26, 2012 Commodore Perry Appeal Set for Nov. 7
• Oct. 25, 2012 CPFCU Prez, Attorney Say Appeals Process Dodges Real Issue
• Oct. 25, 2012 Appeals Panel Can Toss Commodore Perry Exam Findings
• Oct. 24, 2012 Ohio CU Left Wondering How to Prep for Appeal
• Oct. 11, 2012 NCUA Stands by Examiner in Harassment Appeal
• Oct. 9, 2012 NCUA Buys Time in Commodore Perry Appeal
• Oct. 4, 2012 Commodore Perry FCU Says Documentation Proves Claims
• Oct. 3, 2012 Ohio CU Says NCUA Examiner Harassed, Retaliated }

Thomas Renz provided Credit Union Times with a list of the exam's exceptions, including charges CPFCU failed to complete a cost-benefit analysis of existing products, services and facilities; failed to reconcile bank accounts, particularly before a planned system conversion; and will pay more, not less, for outside professional services as a result of the conversion.