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.

For more information or additional resources on the NASCUS Accreditation Program, please contact Tammy Gentilini, NASCUS Director of Accreditation & Examiner Programs, at tgentilini@nascus.org.