NASCUS Accreditation

The NASCUS Accreditation Program was adopted in 1989 to administer and assure the quality standards of states' credit union examination and supervision. Modeled on the university accreditation concept, the program applies national standards of performance to a state's credit union regulatory program.

The accreditation process includes disciplined self-evaluation, peer review and ongoing monitoring. Administered by the NASCUS Performance Standards Committee (PSC), this process measures a state regulatory agency's ability and resources to effectively carry out its regulatory and supervisory programs.

More than 85 percent state chartered credit union assets are supervised by NASCUS' 27 accredited state agencies.

To earn NASCUS prestigious accreditation, a state supervisory agency must demonstrate that it meets accreditation standards in these six areas:

  1. Department Administration & Finance
  2. Personnel
  3. Training
  4. Examination
  5. Supervision
  6. Legislative Powers

The considerable benefits of accreditation for state agencies include creating a benchmark of standardized regulatory procedures and best practices as well as a methodology for measuring effectiveness.

Accreditation is credible evidence of an agency's capabilities. It provides recognition of the professionalism of a state agency's regulators, supervisors and staff. It may also provide the impetus and support for legislation that modifies and/or modernize state law.

Accreditation benefits state-chartered credit unions as well. Accreditation means that the state regulatory agency met the highest levels of regulatory proficiency.

In preparation for an on site examination by the Accreditation Review Team (ART), state agencies complete the Self Evaluation Review for Accreditation (SERA). The SERA is submitted and forms the basis for the on-site review, ART findings and recommendations on approval by the PSC.

Several states are now working toward accreditation by completing the Self Evaluation Review for Accreditation (SERA).

To download the Self Evaluation Review for Accreditation (SERA) please follow the links for the PDF version or Word version.

State regulators can also access the Accreditation and Agency Best Practices document at this link.

For more information or additional resources on the NASCUS Accreditation Program please contact Roger Little, Accreditation Administrator ar roger@nascus.org.

NASCUS Congratulates the Accredited State Agencies

Michigan (1989)
Indiana (1990)
Idaho (1990)
Connecticut (1990)
Missouri (1990)
North Carolina (1992)
Kentucky (1992)
Louisiana (1995)
Utah (1995)
Tennessee (1995)
Kansas (1995)
Arizona (1996)
Vermont (1996)
Massachusetts (1996)
Texas (1996)
Georgia (1996)
Colorado (1996)
Alabama (1998)
California (1999)
Washington (1999)
North Dakota (2000)
Pennsylvania (2001)
Wisconsin (2001)
Ohio (2001)
Virginia (2002)
Florida (2004)