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ADVOCACY

Comments on OTR listed from April 26 deadline

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

Call report deadlines extended for 2nd, 3rd quarters
May 24, 2016 -- Extended call report deadlines for the second and third quarters of the year will give credit unions three additional calendar days to file the reports, NCUA announced Monday. READ

Op-ed notes consistent messages in OTR letters
May 20, 2016 – Comment Letters on the overhead transfer rate (OTR) methodology show two consistent messages – that change is needed, and that thanks to NCUA are in order, NASCUS President and CEO Lucy Ito writes in an op-ed appearing in Credit Union Times. READ

NASCUS Report for May 20 published/online
May 20, 2016 -- Call Report revisions, LTCU on deposits, CFPB spring agenda -- and more. READ

Call Report changes to be forged via comment period, focus group
May 19, 2016 -- A 60-day comment period, and an industry focus group, will be among the methods used for collecting feedback in the process of modernizing the 5300 Call Report – which will work in conjunction with reviewing the overall exam process, according to comments made at today’s NCUA Board meeting. READ

Letter outlines consumer protections applicable to deposits
May 19, 2016 -- Consumer protection laws applicable to deposits is the topic of a new letter to credit unions, emphasizing that violations of federal law could occur if “credit discrepancies” are permitted or are not resolved in a timely manner. READ

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