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 is dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.
As a professional regulators organization, NASCUS is the primary resource and voice of the 45 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.)
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.
NASCUS’ Associate members are credit union system organizations which support a strong, dual chartering framework.
NASCUS is governed by a Board of Directors, which consists of state regulators and a Credit Union Advisory Council. Together these bodies are known as Joint Leadership. NASCUS’ operations are led by President and CEO Lucy Ito and its staff from NASCUS headquarters in Arlington, VA.
NASCUS’ committees are comprised of member organizations. The committees provide Joint Leadership with input and guidance on policies impacting the credit union system.