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So Your A CAMEL Code 3 - Now What?
Manage episode 440159066 series 3303439
Вміст надано Mark Treichel and Mark Treichel's Credit Union Exam Solutions. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Mark Treichel and Mark Treichel's Credit Union Exam Solutions або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
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Here are some suggested show notes for this podcast episode:
Title: So You're a CAMEL Code 3 - Now What?
Summary:
Mark Treichel, Steve Farrar, and Todd Miller discuss what it means when a credit union receives a CAMEL 3 rating from NCUA and what to expect in terms of increased supervision and requirements. They cover recent trends in CAMEL 3 ratings, how NCUA's oversight changes, and advice for credit unions on responding effectively.
Key Points:
- Recent trend of more large credit unions moving to CAMEL 3 ratings
- NCUA increases supervision for CAMEL 3 credit unions, including:
- Follow-up exams every 6 months
- Documents of Resolution with specific deadlines
- Regional Director letters emphasizing concerns
- Monthly reporting requirements in many cases
- Credit unions should expect it to take 14-20+ months before potentially being upgraded back to CAMEL 2
- Importance of addressing core issues identified in Documents of Resolution
- Boards should implement tracking/reporting on progress resolving issues
- Management should provide regular updates to board on addressing concerns
Guests:
- Steve Farrar - Former NCUA examiner and central office staff member
- Todd Miller - Former NCUA examiner and Director of Special Actions
Host: Mark Treichel, Credit Union Exam Solutions
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