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SUMMIT '18

For credit unions, regulators, state leagues, system partners -- and more!

NASCUS is the only organization exclusively dedicated to defending and advancing a strong state credit union system. Established in 1965, state credit union regulators formed NASCUS to promote the safety and soundness of state-chartered credit unions.

Top Stories

Agency actions have impact on state CUs; NASCUS Report
June 22, 2018 -- Actions by the NCUA Board at its meeting this week will have their impact on the state CU system, including two new rules. Also: Nominations for NCUA, consumer bureau go to Senate; State system summit updates (hotel reservation deadline NOW; Pierre Jay nominations due; Leg/Reg committee meets) -- and more! READ

NCUA final mergers rule includes state CUs; expands disclosures to members
June 21, 2018 -- A final rule revising the procedures a federally insured credit union (FICU) must follow to merge voluntarily with another such institution – including how members are notified and what disclosures are necessary about compensation for executives involved in the merger – was approved by the NCUA Board Thursday. READ

Rodney Hood nominated for return to NCUA Board
June 18, 2018 -- President Donald Trump has nominated Rodney Hood to serve on the NCUA Board. Hood, who previously served on the NCUA board from 2005-2010 as a member and vice chairman, is being nominated to fill a six-year term that will expire in 2023. Rick Metsger, who’s term technically expired last August, now occupies the seat. READ

OMB exec tapped as next consumer bureau director
June 17, 2018 -- The White House Monday formally announced President Donald Trump's "intention to nominate" Kathy Kraninger to head the Bureau of Consumer Financial Protection (BCFP). Currently, Kraninger is associate director of the Office of Management and Budget, which is headed by Mick Mulvaney, who has been serving as acting director of the BCFP, as well. With a nomination in place, Mulvaney can continue to serve while the nomination remains before Congress. READ

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