The CAMEL rating standoff between NCUA and the North Carolina Credit Union Division showed no signs of change Tuesday despite a new attempt over the weekend by the North Carolina Credit Union League to bring sides together for a meeting.
The latest attempt to resolve the conflicting legal claims about publishing the CAMEL rating of the $26 billion State Employees' Credit Union of Raleigh arose in an exchange of emails between the treasurer of the league, Jeffery R. Jones, and Herbert R. Yolles, NCUA's Atlanta Region director.
"Just wanted to drop you a quick note to express how disappointed I am that you, or someone from NCUA, will not participate in a town hall meeting in North Carolina," wrote Jones in urging NCUA's legal staff or NCUA Chairman Debbie Matz to come to the state to resolve the fracas which has brought burdensome dual exams to 52 state-chartered CUs. NCUA has said it has no choice but to pursue such a policy because of the clash with North Carolina CU Administrator Jerrie Jay.
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