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Sharing the CAMEL Codes with Boards of State Chartered CUs will Benefit Texas CUs, Yashewski Says
Friday, July 19, 2013 7:00 AM

In response to news that the Texas Credit Union Department will begin confidential disclosure of CAMEL ratings to the board of each state chartered credit union examined after Sept. 1, 2013, Suzanne Yashewski, senior vice president of Regulatory Compliance Counsel for the Cornerstone Credit Union League, says “Sharing the CAMEL codes with boards of state chartered credit unions will benefit Texas credit unions.”

“Camel Codes provide the board and management a ‘metric’ to help monitor critical areas and recognize success,” Yashewski continued.

The CAMEL rating system is based upon an evaluation of five critical elements of a credit union's operations: Capital Adequacy, Asset Quality, Management, Earnings, and Liquidity/Asset-Liability Management. CAMEL is designed to take into account and reflect all significant financial, operational, and management factors examiners assess in their evaluation of a credit union's performance and risk profile.

Examiners will disclose each rating component and the composite rating in the Report of Examination

The rating will remain the property of the Department and may not be disclosed by the credit union. Regulations provide that the report of examination, which contains the CAMEL rating, is nonpublic information and the property of the Department (Tex. Fin. Code §126.002). Except in very limited circumstances (pre-approved by the Department) state chartered credit unions may neither disclose a report of examination or any portion of the report, nor make any representations concerning the report or the report’s findings.