Press Room

The NCUA Board issued a Final Interagency Policy Statement, Allowances for Credit Losses and approved Proposed Rule, Part 704, Corporate Credit Unions for a 60-day comment period. NASCUS President and CEO Lucy Ito issued statements in response to the meeting.

In response to NCUA’s request for comments on Proposed Rule: Real Estate Appraisals (RIN 3133-AE98), NASCUS wrote a comment letter supporting NCUA’s proposal to increase the threshold level below which licensed or certified appraisals (appraisals) would not be required for residential real estate-related transactions from $250,000 to $400,000. 

Today, NASCUS announced SchoolsFirst Federal Credit Union as the organization's newest member. As the largest credit union in California, SchoolsFirst FCU, with headquarters in Santa Ana, Calif., has more than 60 branches and has a mission to provide school employees and their families with World-Class Personal Service and financial security.

January 23, 2020 NASCUS PRESIDENT & CEO LUCY ITO ON THE JANUARY NCUA BOARD MEETING ARLINGTON, Va. – Today, the NCUA provided notice of rulemaking on Subordinated Debt and Credit Union-Bank...

January 16, 2020 NASCUS PRESIDENT & CEO LUCY ITO ON SUBORDINATED DEBT BEING CONSIDERED AT THE JANUARY NCUA BOARD MEETING ARLINGTON, Va. – Today, the NCUA Board announced that subordinated...

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.