Alabama and Washington Earn NASCUS Reaccreditation
July 7, 2014 – The National Association of State Credit Union Supervisors (NASCUS) recently approved the reaccreditation of the Alabama Credit Union Administration (ACUA) and the Washington Department of Financial Institutions (DFI) Division of Credit Unions.
The ACUA, which is led by Sarah H. Moore, supervises 65 credit unions with combined assets of approximately $10.7 billion, while the DFI, led by Scott Jarvis, supervises 62 credit unions with combined assets of approximately $35.9 billion.
Alabama and Washington are the fourth and fifth regulatory agencies to be reaccredited by NASCUS this year, following the reaccreditation of California, Massachusetts and Michigan.
“NASCUS reaccreditation is a significant achievement and represents the effectiveness and sound supervision of the state credit union regulatory system,” said NASCUS President and CEO Mary Martha Fortney. “We offer congratulations to Sarah and her staff, and to Scott and his staff for their ongoing commitment to supervisory excellence in Alabama and Washington.” NASCUS Board member and previous chair Linda Jekel is director of the DFI Division of Credit Unions.
NASCUS accreditation is valid for a five-year period subject to annual review. The annual review process enables the accredited agency and the NASCUS Performance Standards Committee (PSC) to measure progress and improvement.
To earn accreditation, an agency’s qualifications are evaluated by an Accreditation Review Team (ART), which completes a thorough examination of the agency’s accreditation application and supporting documents, followed by three days of intense on-site scrutiny of agency programs and performance. For questions about NASCUS accreditation, please contact Accreditation Administrator Roger Little at email@example.com.