Kenyan Credit Union Regulators Visit NASCUS to Learn About State Supervision Processes

Representatives from the Kenyan credit union regulatory authority and the World Council of Credit Unions (WOCCU) recently visited the NASCUS offices to discuss the state credit union regulatory system. read more >

NCUA Addresses Golden Parachutes, New Public Relations Campaign at Monthly Meeting
At its July meeting, the National Credit Union Administration (NCUA) Board announced a $1.75 million public relations campaign featuring Suze Orman, as well as a proposed rule prohibiting golden parachutes in troubled institutions and limiting indemnification payments. read more>

Final SAFE Act Rule Published by Federal Agencies
Final rules for the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act), were published in the Federal Register on July 28, detailing the requirements for registration of mortgage loan originators at financial institutions. read more>

NCUA Audits for 2008 and 2009 Complete
The National Credit Union Administration (NCUA) released its 2008 and 2009 audits. To read more, follow this link.

NASCUS Comments on NCUA Proposed 708a and 708b
In a comment letter, NASCUS encourages deference to state law for federally insured, state-chartered credit union (FISCU) conversion and merger issues.
read the comment letter>

Special Agency Rate for State System Summit
The annual NASCUS State System Summit is Sept. 30-Oct. 2 in San Antonio, TX. Don't miss the annual gathering of the state credit union system. More information can be found at this link. State agencies can register at a special rate. Email isaida@nascus.org if you are a state regulator attending the event to learn about this special rate.