NASCUS 2010 Audit Completed; Reports Available

Sept. 12, 2011 - Each year, NASCUS contracts an independent audit by a CPA firm to ensure that the financial reports accurately reflect the fiscal condition of the association, NASCUS, and the National Institute for State Credit Union Examination (NISCUE), its affiliated corporation. The CPA firm of Murray, Jonson, White & Associates, Ltd., PC of Falls Church, Virginia performed the 2010 consolidating audit of NASCUS and NISCUE.

The independent auditor’s report and the accompanying financial statement can be viewed here. (PDF Format)

"Since its beginning in 1965, NASCUS has been committed to providing the highest quality of member service at the most efficient cost," said NASCUS Treasurer Mary Hughes (ID). "This commitment serves as the keystone to NASCUS’ success and has enabled the Association to carry on its mission of enhancing state credit union supervision and furthering a safe and sound state credit union system."

The independent auditors issued an unqualified report on the audit of the financial statements of NASCUS and NISCUE on pages 1-2 of the report.

NASCUS is pleased that it can continue to expand its educational offerings, services to members and communications infrastructure while maintaining costs at a reasonable level.