NCUA Executive Director David Marquis told Credit Union Times on Thursday that Supervisory Review Committee Chairman Joy Lee will consider appellate evidence presented by the $32 million Commodore Perry FCU that could prove its 2011 exam findings were incorrect.
If Lee and her three-person committee decide any exam finding is "questionable and not sustainable," it can be overturned, Marquis said. However, he added that such a finding may or may not be enough to warrant an improved CAMEL score.
"It depends upon the rest of the findings. Those are all things (the SRC) will have to review," he said.
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