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The NASCUS Accreditation Program was adopted in
1989 to administer and assure the quality standards
of states’ credit union examination and supervision.
Modeled on the university accreditation concept,
the program applies national standards of performance
to a state's credit union regulatory program.
The accreditation process includes disciplined
self-evaluation, peer review and ongoing monitoring.
Administered by the NASCUS Performance Standards
Committee (PSC), this process measures a state
regulatory agency’s ability and resources
to effectively carry out its regulatory and supervisory
programs.
More than 83 percent state chartered credit union
assets are supervised by NASCUS' 28 accredited
state agencies.
To earn NASCUS prestigious accreditation, a state
supervisory agency must demonstrate that it meets
accreditation standards in these six areas:
1. Department Administration & Finance
2. Personnel
3. Training
4. Examination
5. Supervision
6. Legislative Powers
The considerable benefits of accreditation for
state agencies include creating a benchmark of
standardized regulatory procedures and best practices
as well as a methodology for measuring effectiveness.
Accreditation is credible evidence of an agency's
capabilities. It provides recognition of the professionalism
of a state agency’s regulators, supervisors
and staff. It may also provide the impetus and
support for legislation that modifies and/or modernize
state law.
Accreditation benefits state-chartered credit
unions as well. Accreditation means that the state
regulatory agency met the highest levels of regulatory
proficiency.
In preparation for an on site examination by
the Accreditation Review Team (ART), state agencies
complete the Self Evaluation Review for Accreditation
(SERA). The SERA is submitted and forms the basis
for the on-site review, ART findings and recommendations
on approval by the PSC.
Several states are now working toward accreditation
by completing the Self Evaluation Review for Accreditation
(SERA).
To
download the Self Evaluation Review for Accreditation
(SERA) please click here.
For more information or additional resources
on the NASCUS Accreditation Program please contact
Barbara Pogue, Senior Vice President of Accreditation
and Corporate Affairs, at (703) 528-0811 or e-mail barbara@nascus.org
NASCUS Congratulates these
Accredited State Agencies
(In order of first accredited)
Michigan (1989)
Indiana (1990)
Idaho (1990)
Connecticut (1990)
Missouri (1990)
North Carolina (1992)
Kentucky (1992)
Louisiana (1995)
Utah (1995)
Tennessee (1995)
Kansas (1995)
Vermont (1996)
Massachusetts (1996)
Texas (1996)
Iowa (1996)
New Mexico (1996)
Arizona (1996)
Georgia (1996)
Colorado (1996)
Alabama (1998)
California (1999)
Washington (1999)
North Dakota (2000)
Pennsylvania (2001)
Wisconsin (2001)
Ohio (2001)
Virginia (2002)
Florida (2004)
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