What Is NASCUS

About NASCUS

Our Mission: To forge a vibrant dual charter system by promoting a relevant, growth-oriented, and healthy state charter option.

Our Purpose:  To advance credit union legislation, regulation, and supervision and to promote a resilient state-chartered cooperative credit union system through regulator and credit union collaboration.


Membership

As a professional regulators organization, NASCUS is the primary resource and voice of the 45 state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. (Delaware, South Dakota, and Wyoming have no laws permitting state-chartered credit unions.) As advisors to NASCUS, NASCUS Credit Union members work to enhance the state credit union charter by partnering with NASCUS to protect state authority, promote regulatory innovation, and preserve diversity in the system.

NASCUS’ Associate members are credit union system organizations that support a strong, dual chartering framework.


Leadership

NASCUS is governed by a Board of Directors, which consists of state regulators and a Credit Union Advisory Council. Together these bodies are known as Joint Leadership. NASCUS’ operations are led by President and CEO Lucy Ito and its staff from NASCUS headquarters in Arlington, VA.


Committees

NASCUS’ committees are comprised of member organizations. The committees provide Joint Leadership with input and guidance on policies impacting the credit union system.


Governance & Policies

NASCUS Bylaws (July 2021)
NASCUS Public Policies (August 2020)

Financial Audit & Review Reports

FY2019 NASCUS-NISCUE Financial Statements – Financial Review Report
FY2018 NASCUS-NISCUE Financial Statements – Audit Report
FY2017 NASCUS-NISCUE Financial Statements – Financial Review Report
FY2016 NASCUS-NISCUE Financial Statements – Financial Review Report