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.
NCUA Quarterly U.S. Map Review for the Third Quarter of 2013 Now Available
NCUA has published its Quarterly U.S. Map Review for the third quarter of 2013. The Review provides comparisons of federally insured credit union performance across all 50 states and the United States Territories containing federally insured credit unions.
Attention NASCUS Membership: Join us December 18th for Quarterly Teleconference
Plan to join NASCUS on December 18, 2013 at 1:00pm Eastern for our first quarterly teleconference of NASCUS state credit unions and state regulators. Though we meet regularly in person at our Summit and educational sessions and via phone with our Committees throughout the year, NASCUS wants to provide our state credit unions and state regulators more opportunities to discuss issues impacting the state charter today.
Statements from NASCUS President and CEO Mary Martha Fortney on NCUA 2014 Overhead Transfer Rate and Credit Union Service Organization final rule
The National Credit Union Administration (NCUA) Board addressed critical issues for the state credit union system, including the supervision of credit union service organizations (CUSOs) and the agency’s 2014 Overhead Transfer Rate (OTR) and operating budget. The NCUA increased the OTR to 69.2 percent from the previous year's 59.1 percent. The NCUA decreased the federal credit union operating fee by an average of 18.4 percent.
NASCUS Regional Meeting Taking Place January 14 at the San Francisco Federal Reserve
NASCUS will continue its regional regulator meeting series to allow our state credit union regulators to meet in small groups to discuss issues of concern with their peers.The next meeting to take place will be on January 15 at the Federal Reserve Bank of San Francisco.
NASCUS Advocates for Small Lender Access to the Secondary Market in Statement for the Hearing on Housing Finance Reform
NASCUS took the opportunity to submit a Statement for theRecord for the Senate Committee on Banking, Housing, and Urban Affairs' November 5th Hearing on Housing Finance Reform: Protecting Small Lender Access to the Secondary Mortgage Market. NASCUS' comments focus on the prudential benefits of secondary market access for credit unions, and the importance of streamlined coordination and information sharing between any new federal regulatory agency and the primary prudential state or federal regulator for the issuing or servicing financial institution.
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