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Troubled Conditioned Designation

NCUA Proposal On Troubled Condition Designation for State CUs

Oct
01

The Credit Union National Association (CUNA) feels the National Credit Union Administration's (NCUA) proposal that would allow it to designate a state credit union as a CAMEL 4 or 5, and in “troubled condition”  even if the state regulator does not agree is ill-conceived, unjustified and will not significantly further any material safety and soundness goals. That is what CUNA's letter filed on September 28, 2012 said. 

Posted By Sharon Bahr read more
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