Feb. 14, 2019

CONTACT: Shelton Roulhac, NASCUS Communications; sroulhac@nascus.org

NASCUS CAREFULLY REVIEWING THE NCUA SUPERVISORY COMMITTEE AUDITS PROPOSED RULE

NASCUS is carefully reviewing the proposal to determine the impact on the state credit union system.  

ARLINGTON, Va. – Today, the NCUA Board approved a proposed rule amending the supervisory committee audit regulation for federally insured credit unions with a 60-day comment period.  NASCUS is carefully reviewing the proposal and will release a detailed analysis as it is completed. 

“While NASCUS is pleased that NCUA continues to follow the recommendations of the Regulatory Reform Task Force, we are carefully reviewing today’s proposal to ensure the rule would not weaken the dual charter system or infringe upon the autonomy of the state credit union system,” said NASCUS President and CEO Lucy Ito.

The National Association of State Credit Union Supervisors (NASCUS) is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.