NASCUS Regulatory Resources

News and Updates

BSA/AML Compliance Remains Critically Important for the Credit Union System
As examiners, credit union compliance officers, directors or senior management, are you familiar with the new developments in Bank Secrecy Act/Anti-Money Laundering (AML) compliance? Join NASCUS and CUNA to get up to speed on BSA/AML developments at their annual event. Click here for more information.
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.
Information on the Federal Financial Institution Examination Council (FFIEC) Retail Payment Systems Booklet (Member log-in required)
NASCUS Comments on NCUA Proposed 708a and 708b
In a comment letter, NASCUS encourages deference to state law for FISCU conversion and merger issues. read the comment letter>
NASCUS Summary of NCUA Concentration Risk Guidance
To view a summary of NCUA's Letter to Credit Unions regarding concentration risk, follow this link.

Regulatory News and Updates archive here.

Current Proposed Rules and NASCUS Comment Letters

Rule/Topic	NASCUS Summary	NASCUS Comment Letter
FinCEN: Proposed Rule: Amendment to the BSA—Reports of Foreign Financial Accounts	N/A	Click here
NCUA: Proposed Rule, Parts 701, 723 and 742, Regulatory Flexibility Program	Available	Click here
NCUA: Proposed Rule, Parts 701, 704, 708a, and 708b	Available	Click here
NCUA: Strategic Plan, 2010-2016	Available
NCUA 2010 Regulatory Review	Available	Pending
NCUA: Interim Final Rule: Part 701 Secondary Capital Accounts	Available	N/A
FFIEC Proposed Guidance on Reverse Mortgages	Available	N/A
NCUA Proposed Rule: Part 704, Corporate Credit Unions	Available	Click here

Recent Final Rule Summaries
(Member log-in required)

NCUA: 12 C.F.R. §741.4 NCUSIF Premium and One Percent Deposit

To view proposed rules, summaries and comment letters from 2009, follow this link.

Regulatory Library

Nationwide Cooperative Agreement for the Supervision of State-Chartered Credit Unions Guidelines for state credit union supervisors to examine and supervise the interstate operations of multi-state, state-chartered credit unions. (PDF Format)

Southeastern Regional Cooperative Interstate Agreement for the Supervision of State-Chartered Credit Unions
A regional agreement to examine and supervise the interstate operations of multi-state, state-chartered credit unions. (PDF Format)

Links