Press Room

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; sroulhac@nascus.org 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; sroulhac@nascus.org NASCUS CEO LUCY ITO RESPONDS TO CHAIRMAN HOOD’S CANNABIS BANKING COMMENTS Arlington, VA – In a recent interview...

NASCUS WELCOMES NEW BOARD AND ADVISORY COMMITTEE MEMBERS The National Association of State Credit Union Supervisors (NASCUS) is proud to welcome two prominent industry leaders to the organization’s governing bodies....

‘A SIGNIFICANT STEP IN THE RIGHT DIRECTION’ Statement by NASCUS President and CEO Lucy Ito on NCUA Board proposal on overhead transfer rate (OTR) methodology “NASCUS applauds NCUA’s vastly simplified...

SUPPORT FOR ISSUING ALT. CAPITAL PROPOSED RULE; ‘RIGHT THING TO DO’ State credit union system calls proposal ‘valuable tool in the tool box’ ARLINGTON, Va. — The state credit union...

CONTACT: Patrick Keefe, NASCUS Communications/pkeefe@nascus.org NASCUS BACKS CALL FOR ADVISORY COUNCIL TO NCUA Group of federally insured CUs would offer advice, guidance on insurance regulation, supervision ARLINGTON, Va. — An...

STATE CU SYSTEM LEADER URGES NCUA BUDGET TRANSPARENCY NASCUS’ Lucy Ito focuses on 3 key areas in NCUA budget briefing statement Three key points about transparency of the NCUA budget...