To help credit unions prepare for any potential changes that may come from the NCUA’s proposed CUSO rule revisions, NAFCU will host a March 7 webcast.
Last July, the NCUA approved a proposal that would amend current rules pertaining to CUSOs and require, among other things, that CUSOs file financial reports directly with the agency as well as any appropriate state supervisory authority.
“This webcast will tell credit unions what to expect from this proposed rule, as well as help CUSOs and their credit union owners understand and prepare for an NCUA exam of the CUSO,” said NAFCU President/CEO Fred Becker.
Among the topics to be discussed are the proposed CUSO regulation and anticipated outcome, CUSO regulatory compliance basics currently in place and how to prepare for NCUA examinations with regard to CUSOs, including what CUSOs and credit unions obtaining services from a CUSO need to know.
More details on the webcast can be found on NAFCU’s website. The March 7 session will take place from 2:00-3:30 p.m. EST.