Final CUSO Rule Gets Nod: On-Site at NCUA
ALEXANDRIA, Va. — CUSOs will need to get ready to report basic profile information next year, based on the final rule approved by the NCUA Board on Thursday.
All credit union subsidiaries will be required to make preparations to report basic profile information to the NCUA effective June 30, 2014. The reporting requirement will be rolled out as the NCUA builds a national registry to house the information. The registry will not be unveiled until the end of 2015.