CECL webinar
Texas Directors' College
BSA 2016
BSA conference


Nov. 13-16, San Antonio -- The best BSA conference there is!



See our agenda for the fall, with directors colleges, CECL webinar, BSA conference and much more!

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

NASCUS Report for Oct. 21 published/online
Oct. 21, 2016 -- FOM rules, supplemental capital on NCUA agenda; NASCUS at budget briefing; new summaries -- and more. READ

Summary provides high-level review of CFPB’s prepaid rule
Oct. 19, 2016 -- An executive summary of CFPB’s new rule on prepaid financial products – itself 11 pages long to cover a rule that is nearly 1,700 pages in length– is summarized by NASCUS and posted on the website. READ

$1 billion to close out Stabilization Fund’s borrowings
Oct. 18, 2016 -- The $1 billion owed to Treasury to cover the costs of resolving corporate credt unions will be repaid by Oct. 31, NCUA announced Tuesday, closing out the Temporary Corporate Credit Union Stabilization Fund’s (TCCUSF) outstanding borrowings – but federally insured credit unions shouldn’t immediately expect a rebate of their assessments to the fund, the agency also made clear. READ

Agency releases interest rate risk review procedural changes
Oct. 18, 2016 -- Changes to interest rate risk review procedures – as well as a standardized measurement of the risk – will be instituted by NCUA at the beginning of next year, the agency wrote in Letter to Credit Unions (16-CU-08) posted on its website Monday. READ

3 summaries look at letter, alert and accounting bulletin
Oct. 18, 2016 -- Three new summaries – outlining a regulatory alert, letter to credit unions and an accounting bulletin, all from NCUA – have been posted to the NASCUS website. All three summaries are available to NASCUS members only. READ

FAQs look at cybersecurity assessment tool
Oct. 17, 2011 -- A guide to “frequently asked questions (FAQ)” about the Cybersecurity Assessment Tool developed by the FFIEC (and to be incorporated into NCUA exams) was released today, which answers question and clarifies points in the tool based on questions received over the past year. READ

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