NASCUS Publishes New Edition of Profile of State CU Regulatory Agencies

Jan. 18, 2012 - Published every two years, the NASCUS Profile of State Credit Union Regulatory Agencies is a reference to the general organizational structure, personnel policies, statutes and regulations of the state credit union regulatory agencies. The 2012 edition is now available. (Member log-in required).

The survey was conducted in the fall of 2011. NASCUS thanks the state agencies for completing the survey. The Profile is NASCUS' most widely used resource and is the only source of information on the structures, regulations and personnel policies of state credit union regulatory agencies.

This edition of the Profile indicates that 67 percent of SCUs are under $100 million in assets (with 45 percent being between $1 and $25 million). In 2000, those SCUs with less than $100 million in assets made up 85 percent of the state system. Also, those SCUs with $100 million or more in assets comprised just eight percent of all state credit unions in 2000 compared to 16 percent in 2005 and 21 percent in 2011. The percentage of state credit unions with more than $500 million in assets has grown from one percent to seven percent between 2000 and 2011. Three percent of state credit unions have more than $1 billion in assets. This figure has not changed since our last edition of the Profile in 2010.

Survey data also indicated that most states are at or close to their budgeted staffing levels. Data also showed that more than 47 percent of state examiners have more than 10 years of experience and 21 percent have between five and 10 years of experience.

Recently, the NCUA published a proposed rule regarding CUSO supervision sparking interest in this area. The 2012 Profile data reports that 32 states have regulatory authority over CUSOs and 18 states have examination authority over non-affiliated third party service providers.

The ability of credit unions to take public funds has also been a recent topic of discussion. The 2012 Profile revealed that SCUs accept public funds in 26 states.

NASCUS members can download the full new edition of the Profile at this link. State agencies will receive a copy by mail.