Comments Due to NAFCU: NCUA - CAMELS Rating System
NAFCU would like to highlight the following:
- The NCUA believes that the change will enhance transparency and allow it to better monitor liquidity risk and sensitivity to market risk for both individual credit unions and across the industry as a whole.
- The proposed rule will establish a CAMELS rating system in line with that used by the other financial regulators.
- The proposed rule’s regulatory amendments are largely technical changes to replace the word “CAMEL” with “CAMELS.”
Comments due to NAFCU: April 23, 2021
Comments due to NCUA: May 10, 2021
NAFCU will send comments on behalf of its members to the NCUA by their deadline (April 23, 2021).