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CU System
NASCUS conducts first CU Advisory Council of 08
SAN FRANCISCO (2/5/08)--The National Association of State Credit Union Supervisors (NASCUS) held its first Credit Union Advisory Council Outreach Meeting of 2008. NASCUS and Mendell Thompson, Credit Union Advisory Council chairman, met with California credit union and league executives to provide updates on issues and to learn how NASCUS can further its advocacy efforts. Attendees were interested in unrelated business income tax (UBIT) developments and changes to the Internal Revenue Service Form 990. The group also discussed regulatory issues related to member business lending, third-party relationships and subprime mortgage lending. For the past two years, NASCUS has held nearly a dozen outreach meetings on a state and regional basis within the credit union community. It plans to visit North Carolina and Illinois and other states this year. Dates will be announced on the NASCUS website.
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