The NASCUS mission is to enhance state credit union supervision and advocate for a safe and sound credit union system. State credit union regulators formed NASCUS in 1965 to promote the safety and soundness of state-chartered credit unions.
NASCUS, a professional regulators association, is the primary resource and voice of the 47 state governmental agencies that charter, regulate and examine the nation's state-chartered credit unions. (Delaware, South Dakota and Wyoming have no laws permitting state-chartered credit unions.) NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.
NASCUS also represents the interests of state agencies before Congress and is the liaison to federal agencies, including the National Credit Union Administration (NCUA). NCUA is the chartering authority for federal credit unions and the administrator of the National Credit Union Share Insurance Fund (NCUSIF), the insurer of most state-chartered credit unions. NASCUS also provides examiner education programs for state agencies.
NASCUS is governed by a Board of Directors, which consists of nine regulators elected by NASCUS members who are state regulatory agencies and their personnel.
NASCUS represents state regulators on the Federal Financial Institution Examination Council's (FFIEC) State Liaison Council (SLC), which serves as a conduit to state regulators from the Council and represents state supervisory interests before the Council. The SLC consists of five representatives from state regulatory agencies that supervise financial institutions, appointed for two-year terms and may be reappointed; NASCUS names one member of the council.
NASCUS' operations are led by a President and CEO and management at its headquarters in Arlington, Va.
NASCUS Credit Union Membership
As advisors to NASCUS, NASCUS Credit Union members works to enhance the state credit union charter by partnering with NASCUS to protect state authority, promote regulatory innovation and preserve diversity in the system.
Our membership is comprised of the CEOs of the most progressive and innovative state-chartered credit unions in the nation. NASCUS' Dual Chartering Benefactor members, which are state credit union leagues, federal credit unions, law firms dedicated to credit unions, national credit union trade groups and credit union share insurers.
National Institute for State Credit Union Examination (NISCUE)
NISCUE is NASCUS' educational foundation. Promoting excellence in supervisory oversight, NISCUE provides continuing education programs for state credit union examiners, information on compliance issues and updates on changing industry trends. NISCUE is supported by the generous donations of NASCUS Credit Union members, who make valuable educational opportunities available to state credit union examiners nationwide.
Through these programs, NISCUE advances the quality of state credit union examinations and expands the skills of state supervisory examiners. NISCUE donations also make it possible for NASCUS to award scholarships to state examiners. The NASCUS organization and NASCUS members are thankful for the generosity of NISCUE donors and deeply appreciate their continued support.