Wisconsin Directors' College, July 21
Wisconsin Directors' College, July 21


See/hear your invitation to State System Summit, Oct. 5-7, Chicago



Join us! Nation's only meeting focusing exclusively on the state CU system and its issues!

NASCUS is the only organization exclusively dedicated to defending and advancing a strong state credit union system. Established in 1965, state credit union regulators formed NASCUS to promote the safety and soundness of state-chartered credit unions.

Top Stories

Matching CDD rules proposed for institutions without federal oversight
Aug. 26, 2016 -- Credit unions, banks and other financial institutions lacking a “federal functional regulator” would be subject to new identification programs, anti-money laundering programs, and beneficial ownership requirements to match recently issued “Customer Due Diligence” (CDD) rules, under a proposed rule by the Financial Crimes Enforcement Network (FinCEN). READ

NASCUS Report for Aug. 26 published, online
Aug. 26, 2016 -- Key leaders at Summit '16 (just six weeks away); CFPB actions (CU advisory members, mortgage servicing website, student lender punishment); CA online lender survey highlighted nationally -- and more. READ

Opinion letter clarifies classification of MBLs
Aug. 25, 2016 -- Once a single closed-end MBL is paid down below the $50,000.00 threshold, it no longer needs to be classified as an MBL and counted toward the statutory MBL limit, according to a summary of a legal opinion letter from NCUA (summary: members only) READ

CFPB takes action against student lender,
intro’s mortgage servicing website for pros

Aug. 24, 2016 -- Action against a national private student lender, and the introduction of a new website to assist mortgage settlement professionals, were announced today by the CFPB. READ

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