ALEXANDRIA, Va. (8/15/11)--CAMEL ratings will soon be disclosed to federally insured state credit unions “during all insurance reviews and supervision contacts in which NCUA examiners are on-site,” the National Credit Union Administration (NCUA) said in a recent letter to credit unions (11-CU-12). NCUA examiners that are performing joint examinations with state credit union regulators will discuss, and attempt to resolve, any differences in the CAMEL scores of a given credit union. If differences cannot be resolved, NCUA examiners will disclose their CAMEL ratings "simultaneously and on schedule" with the state regulator--"but in no case later than the final meeting with credit union management and officials,” the NCUA said. The NCUA added that its examiners will disclose CAMEL ratings using guidance published in a December 2007 letter to credit unions (07-CU-12). The examiners also will provide “sufficient information supporting the basis for the assignment of individual component and composite ratings,” the agency added. CAMEL ratings will remain “sensitive and confidential” and will not be shared with third parties, the agency added. NCUA staff during last month’s July open board meeting reported that 19% of total credit union assets are held in CAMEL code 3, 4 and 5 credit unions. They added that the total number of CAMEL code 3 credit unions decreased by 16 between May and June. The total percentage of shares held in CAMEL Code 3 and CAMEL Code 4/5 credit unions also declined, dropping nearly 1 percentage point and 0.24 percentage points, respectively. For the full NCUA letter, use the resource link.