Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CAMEL Rating For Corporates Coming In January
ALEXANDRIA, Va. (10/24/13)--As reported in the Sept. 16 edition of the Credit Union National Association's Regulatory Advocacy Report, the National Credit Union Administration this fall approved using the CAMEL rating system to judge the safety and soundness of corporate credit unions starting in January.

The CAMEL system will replace the Corporate Risk Information System, which the agency has used since 1999. The NCUA said the change will have no impact on the corporate exam process.

"With the addition of a risk-evaluation component to the CAMEL system, there is no substantive difference between the two ratings systems, so it made sense to return to one system for all credit unions. Corporate board members, CEOs of member credit unions, are already familiar with the CAMEL system. This change makes things simpler and more efficient, because it's the same scorecard," an NCUA official said.


RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
7 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
8 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
10 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
11 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
11 hours ago