Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Texas Regulator To Disclose CAMEL Ratings To CUs
AUSTIN, Texas (7/19/13)--Texas state-chartered credit unions will be told what their CAMEL codes are, beginning in September, the Texas Credit Union Department said Wednesday.
 
"[The move] is just a byproduct of the fact that we haven't disclosed CAMEL codes for several years, but the National  Credit Union Administration does [to credit unions]," Robert Baxter, chief examiner for the Texas Credit Union Department, told News Now. "So we thought it was good for credit unions to know where we were coming from.
 
"We are getting credit unions who did not know they were a problem to get on board," he added. "It was time to start changing policies and important for us to be in the driver's seat."
 
The CAMEL rating system is NCUA's method of evaluating the health of credit unions. The rating, adopted by the NCUA in 1987, is based upon five critical elements of a credit union's operations: (C) Capital, (A) Asset quality, (M) Management, (E) Earnings and (L) Asset liability management.
 
"Sharing the CAMEL codes with boards of state-chartered credit unions will benefit Texas credit unions," Suzanne Yashewski, senior vice president and regulatory compliance counsel for the Cornerstone Credit  Union League, told News Now. "CAMEL codes provide the board and management a metric to help monitor critical areas and recognize success."
RSS print
News Now LiveWire
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
1 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
1 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
1 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
2 hours ago
Worldwide #creditunion growth: Nearly 57K CUs now serve 208M members #NewsNow http://t.co/vrSv3Gvp7X
3 hours ago