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.
I assist CEOs achieve the best possible examination results so they save time and money. Reach out via phone at 407-493-1180 or at info@marktreichel.com