Press Room

December 12, 2019 NASCUS PRESIDENT & CEO LUCY ITO ON THE DECEMBER NCUA BOARD MEETING ARLINGTON, Va. – Today, the NCUA Board approved the 2020-2021 Budget and delayed the effective date...

NASCUS President Lucy Ito responds to the NCUA Board providing notice of rulemaking on increasing the residential real estate threshold appraisal to $400,000 and approving the “Second Chance” policy change.

 Better transparency about the Overhead Transfer Rate (OTR), consistency in distributing the OTR among credit unions, and the cost allocation of NCUA’s supervision of credit union service organizations (CUSOs) and third parties were the top three points pressed by NASCUS during its presentation at the NCUA Budget Briefing Wednesday.

NASCUS looks forward to engaging with NCUA on the budget proposal; appreciates NCUA continuing to hold budget briefings.

The NCUA Board approved a final rule on public unit and nonmember shares and provided notice of rulemaking on chartering and field of membership. The board also heard a briefing on cybersecurity. NASCUS President & CEO Lucy Ito responds.

The House of Representatives passed the Secure and Fair Enforcement Banking Act (SAFE Act), which would provide some protections to credit unions and other financial institutions that serve state-authorized cannabis related businesses. 

Today, the NCUA Board approved final rules on supervisory committee audits, Federal credit union bylaws and payday alternative loans. The board also heard a quarterly report on the National Credit Union Share Insurance Fund.

NASCUS congratulates NCUA on the field of membership ruling and commends the Agency’s efforts to maintain an effective federal charter

FOR IMMEDIATE RELEASE August 20, 2019 CONTACT: Shelton Roulhac, NASCUS Communications; [email protected] NASCUS CEO LUCY ITO RESPONDS TO NCUA’s RELEASE OF INTERIM GUIDANCE ON SERVING HEMP BUSINESSES Arlington, VA –...

ASCUS Regulator Board Chairman John Kolhoff, on behalf of the NASCUS state credit union regulator members, and NCUA Board Chairman Rodney Hood signed a Document of Cooperation for the stated purposes of “ensuring the safety and soundness of the credit union system, fostering an environment of innovation, prosperity, and success for all system stakeholders, and maintaining a strong cooperative relationship between the state regulatory system and the NCUA.” NASCUS and NCUA last signed a Document of Cooperation 12 years ago in 2007.

FOR IMMEDIATE RELEASE August 6, 2019 NASCUS LAUNCHES REDESIGNED WEBSITE WITH NEW FEATURES INCLUDING A MEMBER’S ONLY PORTAL AND SINGLE SIGN-ON ARLINGTON, Va. – Recently, NASCUS unveiled a redesigned website....

FOR IMMEDIATE RELEASE August 5, 2019 CONTACT: Shelton Roulhac, NASCUS Communications; [email protected] NASCUS CEO LUCY ITO RESPONDS TO CHAIRMAN HOOD’S CANNABIS BANKING COMMENTS Arlington, VA – In a recent interview...