At #NCUA's Board Meeting today, Chairman Todd Harper stated "Could the changes that we have seen in the distribution of CAMEL ratings of a #creditunion be a sign of things to come?
He specifically referenced the circled category - the large increase in #CAMEL code 3s between $500 million and $1 Billion - which increased 33% in one quarter!
He asked staff "Is this the beginning of a trend?'
Staff replied, in part, "we are obviously watching it"
What's the costs of inaction?
The time energy and money you devote to exams increases exponentially when you are a CODE 3.
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