Press Room

NASCUS/BAI ‘CU Campus 365’ offers wide range of choices to state credit union system  Affordable, customizable on-line compliance and education for credit unions is now available through a new partnership...

NASCUS, in a comment letter to NCUA, wrote in support of the agency’s efforts to mitigate the day-one effect of the current expected credit loss (CECL) methodology on capital levels...

OCT. 15 COMMENTS ON TODAY’S (Oct. 15) NCUA BOARD MEETING BY NASCUS’ LUCY ITO Corporate rule changes praised; look to states for insights on derivative regulation NASCUS President and CEO...

Today, the NCUA Board held a public meeting via live audio webcast due to the COVID-19 pandemic.

NASCUS’ Regulator Board and Credit Union Advisory Council recently approved a new diversity, equity and inclusion (DEI) policy and re-enacted seven other policies on an array of topics including, protecting state credit union charters and options and cannabis banking legislation.

In response to the NCUA’s request for Request for Information (RFI) on Strategies for Future Examination and Supervision Utilizing Digital Technologies, NASCUS has written a comment letter supporting the Agency’s efforts to leverage technology in the examination and supervision process. NASCUS argues by doing so, NCUA could reduce burden on federally insured credit unions, enhance the agency’s cooperative supervisory relationship with its state regulatory peers, and generate costs savings to the National Credit Union Share Insurance Fund (NCUSIF).

NASCUS and CUNA are now accepting registration for Cybersecurity Response Exercise for credit unions greater than $250M webinar, scheduled for August 28 from 11:00 a.m.–3:00 p.m. ET.

The NCUA Board held another public meeting via live audio webcast due to the COVID-19 pandemic. At the meeting, the NCUA Board approved 60-day comment periods for proposed rules on Transitions to CECL Methodology and Fees Paid By Federal Credit Unions. The Board also approved a 60-day comment period for the Overhead Transfer Rate and Operating Fee Methodologies and approved a final rule on Field of Membership. The Board was briefed on the 2020 Mid-Session Budget as well.

NASCUS leadership adds a new member and re-elects two current members to its Regulator Board. The organization’s Credit Union Advisory Council also re-elected two current members. The members will be seated at the upcoming NASCUS virtual Annual Meeting on August 26, 2020.

Earlier this week, NASCUS hosted the 3rd Annual “Exchange” featuring regulators, credit union leaders and NCUA Board Chairman Rodney Hood.

This morning, the Senate Banking Committee held a Nomination Hearing for NCUA Board Member nominee Kyle Hauptman.

In light of the rising number of  COVID-19 cases around the country, the NASCUS State System Summit will be held virtually, at no charge, August 26, 2020 at 10 am Eastern. The meeting was originally scheduled to take place in New York City, August 11 - 14.