Links in “NASCUS”
- Inside a Hacker’s Mind
A CUNA and NASCUS hosted cybersecurity event will feature a live hack demonstration. The symposium will be a good opportunity for a firsthand look at how a hacker might attack a credit union's system. The event will be held in Denver on Aug. 24-25. [7/8/15]
- More Voices call for longer TILA-RESPA Delay
Both the NAFCU and NASCUS have urged the CFPB to push back the effective date of the new regulations stemming from the integrated mortgage disclosures deadline. Both associations support the notion of moving the deadline all the way back to Jan. 1, 2016. [7/8/15]
- NASCUS Claims NCUAâs OTR Calculation Must Be Made Public
According to a legal analysis prepared for the National Association of State Credit Union Supervisors (NASCUS), the Administrative Procedures Act requires that the NCUA submit the calculations its uses to develop its overhead transfer rate (OTR) to public notice and comment. The OTR represents the percentage of funds the NCUA transfers from the NCUSIF to the agencyâs operating budget each year to cover insurance-related expenses. [6/24/15]
- NCUA Budget Announced, But Not All Pleased
The NCUA's budget for 2015 was announced with the headline noting the 4.2% increase was the smallest since 2008. While such news might seem positive, NASCUS announced in a separate headline displeasure with the overhead transfer rate rise from the previously "staggering" level of 69.2% to a now higher 71.8%. [11/21/14]
- New Chief at NASCUS
NASCUS (National Association of State Credit Union Supervisors) introduced Lucy Ito as president and CEO of the organization that oversees the other half of the dual charter credit union system. The former EVP and COO of the California and Nevada Credit Union Leagues (CCUL/NCUL) replaces incumbent Mary Martha Fortney, who had served the past ten years as president and CEO. [11/5/14]
- NASCUS Complains about CFPB’s Complaint Narrative Proposal
Find out what the National Association of State Credit Union Supervisors has to say about the CFPB's proposal to expand the publicly available complaint data to include unstructured complaint narratives. Overall, NASCUS points out that potential complications and burdens may outweigh the expected benefits of the proposed change. [9/24/14]
- NASCUS Comment Calls Residual Interest Rate “Too Restrictive”
In response to the NCUA's proposed changes to NCUA Rules and Regulations Parts 721 and 741, NASCUS addressed a number of other issues regarding the dual chartering system for credit unions. One such comment recommended that the NCUA be more flexible rather than use the 25 percent limit as a blanket restriction. [8/28/14]
- Abrupt Resignation From NASCUS Chair
John Kolhoff, chairman of the National Association of State Credit Union Supervisors, a position he has held for only 10 months, submitted his resignation effective June 2nd. Kolhoff who is the Director of the Office of Credit Unions for Michigan cited his increasing responsibilities as a Michigan regulator as the reason for his abrupt departure. NASCUS is currently searching for a new CEO to replace long-time CEO, Mary Martha Fortney, who is retiring. [6/5]
- NASCUS Disenchanted by NCUA’s Risk-Based Capital Rule
The National Association of State Credit Union Supervisors (NASCUS) filed comments this morning on the NCUAâs proposed Risk-Based Capital Rule. [5/29]
- NASCUS Champions Rural CUs through Various House Bills
The National Association of State Credit Union Advisors (NASCUS) notes efforts in introducing various House bills that allow state-chartered, privately insured CUs to join the Federal Home Loan Bank system, provide the National Credit Union Share Insurance Fund coverage for trust accounts, and ensure rural FIs can provide credit to consumers and small businesses. [5/8]
