Login x

Username or password incorrect.

Already subscribed?

Login here:

Not a subscriber?

Successful login x

Click here to go to the magazine.

Successful login x

Not subscriber.

Click here to preview the magazine.

Supported Browsers x

We are sorry, this site is optimized for use on IE8 or higher. If you are having trouble, please consider upgrading or trying a different browser.

You Might Also be Interested in:

CU Management magazine articles

Clarification of Amended CUSO Rule

05/29/2014

As we all know, the newly amended CUSO regulation will go into effect on June 30, 2014.  On or before that date, federally insured credit unions with investments in or loans to a CUSO must obtain an agreement from such CUSO wherein the CUSO agrees to directly report information to the NCUA.  There was some confusion among credit unions and CUSOs whether this regulatory burden extends to credit unions with only a contractual agreement for services with a CUSO.  We did not believe that it did or that it should.  The NCUA agrees.  Attached is a general counsel opinion clarifying this position and explaining the origin of the confusion.

View CUSO Rule Implementation Clarification

 

Shopping Cart Message x

Best Option Calculator x

Best Option Calculator x