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.”
NASCUS accreditation is a robust process that includes disciplined self-evaluation, peer review, and ongoing monitoring. The process, administered by the NASCUS Performance Standards Committee (PSC), measures a state regulatory agency’s ability and resources to carry out its regulatory and supervisory programs effectively.
To earn Accreditation, a credit union state supervisory agency must demonstrate that it meets accreditation standards in agency administration and finance, personnel and training, examination, supervision, and legislative powers.
NASCUS adopted the Accreditation Program in 1989 to administer and assure states’ credit union examination and supervision quality standards. This program, modeled on the university accreditation concept, applies national performance standards to a state’s credit union regulatory program.
April 7, 2021 — Since August of 2020, CUNA has been hosting a series of Small Credit Union Webinars each Tuesday. In this collaborative effort, CUNA and nearly every state League has been presenting important topics specifically designed for small credit unions. This week, on Tuesday, April 6th, it was our turn!
Dakota Credit Union Association (DakCU) hosted a very important informational session titled “How grants can benefit your credit union, your members, and your community.” Amy Kleinschmit, Chief Compliance Officer, opened the session by welcoming more than 220 attendees and introduced our guests: Tawney Brunsch and Mike Beall.
Tawney is the Executive Director of Lakota Funds, the first Native Community Development Financial Institution (CDFI) on a reservation. She has led this financial institution through several history-making accomplishments, including: the charter of the Lakota Federal Credit Union, where she is the chairwoman; the launch of a child development account program; and the conversion of a low-income tax credit housing development into privately owned homes.
New commissioner named to succeed Entringer
Oct. 27, 2017 — Lise Kruse will succeed Bob Entringer as commissioner of the North Dakota Department of Financial Institutions; Entringer retires Nov. 30, after 35 years of service to the NDDFI. He was named commissioner in 2011 (and reappointed last year). Kruse joined the department in 2004 as a financial institutions examiner; her most recent position is chief examiner of banks. The appointment of commissioner, made by Gov. Doug Burgum (R), requires confirmation by the state senate.
Answering the Call for Children’s Miracle Network
April 22, 2015 – Credit Union Association of the Dakotas, based in Bismark, ND, has helped raise over $23,000 for the local Children’s Miracle Network hospital.
Credit Unions Say Risk-Based Capital Hurts Farmers
May 27, 2014 – More than 20 credit unions from seven Midwest states told the NCUA the proposed risk-based capital rule would hurt their operations.
Capital Credit Union Named Top Workplace by Bismarck-Mandan Young Professionals Network
May 25, 2014 – Bismarck, N.D. – The Bismarck-Mandan Young Professionals Network has released its 2014 list of the Top 10 Young Professional Workplaces in Bismarck-Mandan.
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