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
Mass. banking division earns accreditation across the board
BOSTON (6/4/14)--The Massachusetts Division of Banks has received accreditation from the National Association of Credit Union Supervisors (NASCUS), the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR).
 
Certification means that the division maintains the highest standards and practices for state banking, credit unions, and mortgage supervision as defined by each of the three supervisory bodies.
 
Massachusetts achieved accreditation in all three programs as part of a joint pilot program among CSBS, NASCUS and AARMR. The program is being developed to help states gain multiple accreditations at one time.
 
"This reaccreditation confirms that the division's regulatory programs are strong and positioned to protect Massachusetts consumers while ensuring the safety and soundness of the state financial system," said David Cotney, Massachusetts commissioner of banks. "Because of the CSBS, NASCUS and AARMR joint-review, the division was able to obtain several accreditations at once, saving time and allowing the division to focus more of its resources on supervision."
 
This is the division's fifth bank accreditation, receving the first in 1994. Massachusetts was first accredited by NASCUS in 1996. The division's initial mortgage accreditation was received in 2008--the first mortgage accreditation awarded as part of the nationwide program.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
1 day ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
1 day ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
1 day ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago