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


Cybersecurity Symposium coming up! Aug. 1-2, 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

Two named NCUA associate directors in Regions II, V
July 26, 2016 -- Two new associate directors for NCUA’s Regions II and V have been announced by NCUA Executive Director Mark Treichel, with both new associates holding veteran service with the agency. READ

Comment letter seeks clarification for incentive-based pay plan rule
July 25, 2016 -- A proposed NCUA rule on incentive-based compensation plans must be clear on whether it covers non-federally insured credit unions, NASCUS has written in a comment letter to the agency (press release). READ

NASCUS Report for July 22 published/online
July 22, 2015 -- NCUA plans state collaboration; Metsger outlines budget briefing for senator; No FCU op fee increase (for now); Cyber threats outlined at top-level meeting -- and more. READ

Collaboration with states part of NCUA 2017-21 plan;
calendar-year examination requirement ends

July 21, 2016 -- Collaboration with state regulatory agencies, and the end of a calendar-year exam requirement for federally insured credit unions, are two outcomes of the NCUA Board’s adoption Thursday of its strategic plan for 2017-21 during its monthly open meeting in Alexandria, Va. READ

FAQs shed light on scope of new CDD requirements
July 20, 2016 -- “Frequently Asked Questions” (FAQs) to assist covered financial institutions in understanding the scope of the Customer Due Diligence (CDD) Requirements for Financial Institutions have been issued by the Financial Crimes Enforcement Network (FinCEN). The FAQs provide interpretive guidance with respect to the CDD rule. READ

Cyber threats, risk management highlighted at top-level meeting
July 20, 2016 – The current cyber threat landscape and developing common risk-based approaches among federal and state financial regulatory agencies to managing cybersecurity risk were on the agenda for discussion at the Tuesday meeting of the Financial and Banking Information Infrastructure Committee (FBIIC), attended by NASCUS leadership. READ

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