Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Louisiana regulator re-accredited by NASCUS
ARLINGTON, Va. (1/22/10)--The Louisiana Office of Financial Institutions (OFI), which oversees credit unions in the state, has been re-accredited by the National Association of State Credit Union Supervisors (NASCUS). This is the third consecutive re-accreditation for Louisiana, which was first accredited in 1995. OFI is responsible for the examination and supervision of 45 credit unions and one state-chartered corporate credit union with combined assets of $1.28 billion. NASCUS' 28 accredited states supervise more than 85% of the nation's state-chartered credit union assets. "This recognition validates the integrity of our examination process and provides an independent and comprehensive assessment of the strengths of the credit union division," said John Ducrest, commissioner of the Louisiana OFI. "The comprehensive critique also allows us to make improvements based on current regulatory standards and best practices." NASCUS accreditation is for a five-year period, subject to annual review. The annual review enables the agency and NASCUS' Performance Standards Committee to measure progress and improvement. To earn the accreditation, a state supervisory agency must meet standards in six areas: department administration and finance, personnel, training, examination, supervision and legislative powers.


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
6 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
8 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
8 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
8 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
10 hours ago