- Nearly 86 percent of state chartered credit union assets are supervised by NASCUS' 27 accredited state agencies.
- 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.
- Process includes: disciplined self-evaluation, peer review and ongoing monitoring.
- Administration is by NASCUS Performance Standards Committee (PSC), which conducts process that measures a state regulatory agency's ability and resources to effectively carry out its regulatory and supervisory programs.
To earn accreditation, a state supervisory agency must demonstrate that it meets standards in these six areas:
- Department Administration & Finance
- Legislative Powers
See some answers to common questions about the program, including: costs, standards-setting, length of the process -- and more.
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.
To download the updated, 2016 Self Evaluation Review for Accreditation (SERA) please follow:
For more information or additional resources on the NASCUS Accreditation Program, please contact Tammy Gentilini, NASCUS Director of Accreditation & Examiner Programs, at firstname.lastname@example.org.