Commodore Perry FCU President Thomas Renz says the reason the $32 million credit union filed an exam appeal – an accusation that an NCUA examiner retaliated against the credit union in the form of a riskier CAMEL score – has been lost in the appeals process.
And according to an experienced credit union attorney, he's right.
Rather than prove the exam was inaccurate or that the examiner retaliated, Renz said he has been instead been told the small credit union in Oak Harbor, Ohio, must prove Regional Director Herb Yolles' reasoning was erroneous when he denied the original appeal.
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