NASCUS

Reform for board will take congressional action

(Nov. 25, 2020) With changes coming to the membership of the NCUA Board, NASCUS believes now is a good time to consider some changes in how the NCUA Board is...

Latest summary takes look at derivative proposal

(Nov. 25, 2020) A proposal to modernize NCUA rules on derivatives, particularly to make it more “principles based” has been summarized by NASCUS and posted on the association’s website. The...

Systems changes advance hope for ‘S’ CAMEL piece

(Nov. 25, 2020) An “S” component (for market sensitivity) in the CAMEL examination rating system remains on the radar for NCUA in 2021, especially now that the agency’s information systems...

Time to change CFPB privacy forms, GAO finds

(Nov. 25, 2020) Model privacy forms from the CFPB that many credit unions and banks use to disclose their information-sharing practices to their members and customers should be updated, according...

Report finds climate change presents physical, transition risks

(Nov. 25, 2020) Physical risks posed to financial stability by climate change – even in the short term — include a sharp fall in asset prices and an increase in...

Have you met CU Campus 365 yet?

(Nov. 25, 2020) Have you met CU Campus 365 yet? Why not introduce yourself over the Thanksgiving holiday! CU Campus 365 is a new benefit for NASCUS credit union members...

MI earns prestigious accreditation for five years

(Nov. 25, 2020) The office of credit unions of the Michigan Department of Insurance and Financial Services has earned a five-year accreditation following an in-depth review and assessment by a...

Nominations for 2020 Pierre Jay Award due Dec. 31

(Nov. 25, 2020) Nominations for the NASCUS 2020 Pierre Jay Award – which recognizes the individuals, programs or organizations whose contributions have benefited the state credit union system in a...

BRIEFLY: Position open at NASCUS for communications/marketing professional

(Nov. 25, 2020) NASCUS seeks a highly self-motivated individual to develop and execute an integrated marketing communications strategic plan for the association. For details, see the link below. LINK: NASCUS...

Cloud of insurance premium overshadows board discussion

(Nov. 20, 2020) A premium for the federal credit union savings insurance program for this year is unlikely, but the outlook for next year and beyond is not so clear...

Ito: Vigilance correct, but use of resources vital

(Nov. 20, 2020) NASCUS President and CEO Lucy Ito shared the board members’ call for vigilance, but also urged the agency to husband its resources, as NASCUS did in a...

Proposal would remove ban on capitalization of interest

(Nov. 20, 2020) Prohibiting the authorization of additional advances to finance unpaid interest may be overly burdensome, the NCUA Board has reasoned, and it wants to remove that ban with...