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
Michigan OFIR reaccredited by NASCUS
ARLINGTON, Va. (6/2/09)--The National Association of State Credit Union Supervisors (NASCUS) approved the re-accreditation of the Michigan Office of Financial and Insurance Regulation (OFIR) for the fifth year in a row. The Michigan agency was the first state credit union regulatory agency to earn NASCUS accreditation status in 1989. OFIR supervises 215 credit unions with combined assets of approximately $25 billion. “Earning NASCUS re-accreditation is certainly a feather in our cap,” OFIR Commissioner Ken Ross said. “The intense review of our programs and operations provided our staff with valuable insight into where we were strong and where we had room for improvement.” NASCUS accreditation is valid for five years, subject to annual review. The annual review enables the accredited agency and the NASCUS Performance Standards Committee to measure progress and improvement. NASCUS’ 28 accredited states supervise 85% of state-chartered credit union assets. “NASCUS re-accreditation is a significant achievement and represents the effectiveness and sound supervision of the state credit union regulatory system,” said NASCUS President/CEO Mary Martha Fortney.
Other Resources

RSS





print
News Now LiveWire
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital http://t.co/rmJvi3MIpQ
1 hour ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
6 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
6 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
7 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
7 hours ago