Press Room

‘The state system believes that the increase is indicative of the need for the agency to reconsider how it allocates expenses to the OTR’ Dec. 18, 2020 CONTACT: Lucy Ito,...

‘State system looks forward to working closely with NCUA on implementation’ Dec. 17, 2020 CONTACT: Lucy Ito, NASCUS president and CEO, [email protected]; (703) 528-8351 The state system has long said...

NASCUS’ Ito praises decision, notes accountability for state regulatory system  Dec. 7, 2020 CONTACT: Lucy Ito, NASCUS president and CEO, [email protected]; (703) 528-8351 Texas has a “continuing need” for the...

President and CEO Lucy Ito Testifies Before the NCUA Budget Briefing ‘An NCUA operating budget of $316 million and an operating budget plus capital budget of $334 million and a...

State system’s Ito notes efforts on OTR, subordinated debt Nov. 24, 2020 CONTACT: Lucy Ito, NASCUS president and CEO; [email protected] NASCUS President and CEO Lucy Ito expressed the state system’s...

Follows in-depth, assessment by veteran supervisors organized by NASCUS Nov. 24, 2020 The office of credit unions of the Michigan Department of Insurance and Financial Services has earned a five-year...

NASCUS/BAI ‘CU Campus 365’ offers wide range of choices to state credit union system  Affordable, customizable on-line compliance and education for credit unions is now available through a new partnership...

NASCUS, in a comment letter to NCUA, wrote in support of the agency’s efforts to mitigate the day-one effect of the current expected credit loss (CECL) methodology on capital levels...

OCT. 15 COMMENTS ON TODAY’S (Oct. 15) NCUA BOARD MEETING BY NASCUS’ LUCY ITO Corporate rule changes praised; look to states for insights on derivative regulation NASCUS President and CEO...

Today, the NCUA Board held a public meeting via live audio webcast due to the COVID-19 pandemic.

NASCUS’ Regulator Board and Credit Union Advisory Council recently approved a new diversity, equity and inclusion (DEI) policy and re-enacted seven other policies on an array of topics including, protecting state credit union charters and options and cannabis banking legislation.

In response to the NCUA’s request for Request for Information (RFI) on Strategies for Future Examination and Supervision Utilizing Digital Technologies, NASCUS has written a comment letter supporting the Agency’s efforts to leverage technology in the examination and supervision process. NASCUS argues by doing so, NCUA could reduce burden on federally insured credit unions, enhance the agency’s cooperative supervisory relationship with its state regulatory peers, and generate costs savings to the National Credit Union Share Insurance Fund (NCUSIF).