"The CAMEL rating system is based upon an evaluation of five critical elements of operations..."
[Source: NCUA]
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| Testimony... |
Capitol Hill - 5
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| Overhead Transfer Rate... |
Accountability - 5
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| Hearing... |
Management - 5
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| RBC... |
Embarrassment - 5
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| Multiple choices! |
Legal Counsel - 5
RATING 5 - "... exhibits unsafe and unsound practices and conditions;... exhibits a critically deficient performance;... The volume and severity of problems are beyond management's ability or willingness to control or correct. Immediate outside financial or other assistance is needed..."
[Source: NCUA]
7 comments:
Please redact your official CAMEL rating of the NCUA. This is supposed to be secret and no one should be privy to any CAMEL ratings as you are aware. Besides it would be presented to an audience that doesn't exist.
This blog message would have been the one to run tomorrow Jimbo. Wednesday would have been perfect. Do you know why? Come on, don't duck the issue. You know the reason. Just say it. It's HUMP DAY!
As Ms. Matz has said "credit unions don't care". She and her senior incompetent staff are free to continue to FO. No consequences.
Never, ever forget those famous words. "Credit unions do not represent their members". As said by the Honorable Queen.
Think Matz could have a successful 'reality series' if she would testify once a week.
The best part of the series would be the closed door meetings in her office where she rants, raves and screams.
If Matz wanted to leave a true legacy, she would resign like the Pope.
But she ain't the Pope!
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