REGULATING AGENCY: North Dakota Department of Financial Institutions
LEAGUE: Dakota Credit Union Association
STATS: (As of Dec 2020)
- TOTAL # SCUs: 20
- TOTAL # FCUs: 14
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 59% of 34 ND CUs
- TOTAL $ SCU ASSETS: $4,020,129,501
- TOTAL $ FCU ASSETS: $449,162,060
- TOTAL ASSETS: $4,469,291,561
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 90%
FUN FACT: The town of Rugby is the geographical center of North America. A rock obelisk about 15 feet tall, flanked by poles flying the United States and Canadian flags marks the location.
July 15, 2021 – The National Association of State Credit Union Supervisors (NASCUS) is proud to announce North Dakota has earned Re-Accreditation following a series of in-depth reviews and assessments by a panel of veteran state supervisors.
More than 88% of the $989 billion in state-chartered credit union assets are supervised by NASCUS’ 28 accredited state agencies.
“Accreditation is direct evidence of an agency’s capabilities and benefits all credit unions in the state as well,” said NASCUS President and CEO Lucy Ito. “It recognizes the professionalism of a state agency’s regulators, supervisors, and staff, while potentially delivering an impetus and support for legislation to modernize state law and policy changes to advance state supervisory processes and best practices.”
North Dakota Commissioner Lise Kruse expressed, “The accreditation process ensures that our DFI meets comprehensive organizational and performance standards. Accreditation assures the public and industries we regulate the competency and effectiveness of our DFI. It also provides independent validation of the quality of our work and the faithfulness to our mission. We appreciate the work of the accreditation team and are grateful to NASCUS for their reaccreditation.”
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