NASCUS Accreditation

States accredited by NASCUS:

Accredited states

 

Key points about the program

  • 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:

    1. Department Administration & Finance
    2. Personnel
    3. Training
    4. Examination
    5. Supervision
    6. Legislative Powers

FAQs about the accreditation program

See some answers to common questions about the program, including: costs, standards-setting, length of the process -- and more.

Benefits

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:

  • 2016 NASCUS and CSBS Joint SERA (joint accreditation only): MS-Word; PDF

  • 2016 NASCUS SERA (Credit Union Accreditation only): MS-Word; PDF

State regulators can also access the Accreditation and Agency Best Practices document at this link.

CONTACT: For more information or additional resources about either the Accreditation or Certification Programs, please contact Brian Knight, NASCUS Executive Vice President and General Counsel, at brian@nascus.org.