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.
NASCUS Works with Senate Banking Committee to Secure Regulatory Relief and Protect State Authority
May 29, 2015 – On May 12, 2015, the chairman of the Senate Committee on Banking, Housing, and Urban Affairs released a discussion draft of “The Financial Regulatory Improvement Act of 2015” (the “Act”), which proposed a number of sweeping reforms for the financial services industry. The 216-page Act includes eight titles which address issues as wide ranging as regulatory relief for community financial institutions, consumer access to credit, and reforming the Financial Stability Oversight Council (FSOC), the Federal Reserve, and the housing finance market. READ
NASCUS Announces Signing of 2015 Cooperative Interstate Agreement for the Supervision of State-Chartered Credit Unions
May 18, 2015 – Nine states have signed an agreement to facilitate the ability of their state-chartered credit unions to operate across state lines. The agreement, the 2015 Cooperative Interstate Agreement for the Supervision of State-Chartered Credit Unions, was developed by the nine states in conjunction with the National Association of State Credit Union Supervisors (NASCUS). READ
NCUA Board Approves Request from Connecticut DOB for FISCUs to be Exempt from Provisions of CUSO Regulation
April 30, 2015 – The NCUA Board today approved the exemption of Federally Insured State Chartered Credit Unions in the state of Connecticut from provisions of the credit union service organization regulation (12 C.F.R. 712.3(d)(1), (2) and (3)). READ