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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

Federal charter, insurance granted to former privately insured CU
April 25, 2017 -- A federal credit union charter has been granted to a Los Angeles-based institution– which will serve more than a half million fire protection industry workers around the country from offices and a call center in California – which was formerly a privately insured credit union. READ

Reports: House CHOICE bill to be marked up May 2
April 24, 2017 -- A financial regulatory reform bill – the focus of a hearing this week before the House Financial Services Committee -- will be marked up next week, according to news reports today. READ

CHOICE bill comes to the forefront: NASCUS Report
April 21, 2017 -- Updated Financial CHOICE bill; CU Advisory Council for NCUA backed; grappling with TCCUSF -- and more. READ

CFPB follows state system advice; delays pre-paid rule by 6 months
April 20, 2017 -- Following NASCUS’ recommendation, the CFPB has delayed by six months the effective date of its rule on prepaid accounts, under a final rule issued by the agency Thursday. The rule on pre-paid accounts will now take effect April 1, 2018 (rather than Oct. 1 of this year). READ

Advisory council of federally insured CUs for NCUA supported
April 20, 2017 -- An advisory council of federally insured credit unions intended to provide NCUA with advice and guidance about issues related to credit union federal share insurance regulation and supervision is supported by NASCUS, the result of action taken by the association’s board this week. READ

Hearing set for fin. reg reform -- CHOICE 2.0 -- in House
April 20, 2017 -- A House hearing to consider the latest version of financial regulatory reform legislation – a draft of which was released publicly Wednesday -- has been scheduled for next week by Financial Services Committee Chairman Jeb Hensarling, R-Texas. READ

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