The NCUA reminded CUSOs Monday that their registrationdeadline is March 31.

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Additionally, the regulator developed a series of shortinstructional videos to facilitate the registration process anddetail the functions of the registry. The 10-part series isavailable online here.

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As part of the NCUA's board-approved, enhanced CUSO rule, federally insured credit unions areresponsible for ensuring the CUSOs they make loans to or invest inagree to provide certain information directly to the NCUA.

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Registration is free and CUSOs can complete the process onlinehere. The NCUA hosted awebinar in February on how to use the system and complete theregistration process; an archive of the webinar can be accessedhere.

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Included on the CUSO registry page are a host of supportmaterials, including a user manual, instructions, quick guides,FAQs and supervisory guidance related to changes to the NCUA'srules governing the relationship between credit unions andCUSOs.

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Information contained in the general information tab will beavailable for public search in mid-2016. The agency suggested earlyregistrants review the information contained within the generalinformation tab for any non-public information, includingconfidential commercial or financial information and trade secrets.This sensitive information will be protected and withheld fromFreedom of Information Act requests and under the NCUA's own FOIAregulations.

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Collected information contained in the general informationsection will include:

  • Legal name and any trade names;
  • CUSO registry number assigned by the NCUA;
  • Services offered;
  • Address (physical, if different from mailing address);
  • Public website address, if provided by the CUSO; and
  • Public phone number, if provided by the CUSO.

The NCUA plans to share the CUSO-related information with statesupervisory authorities that have signed written informationsharing agreements with the agency. Further, public informationwill be available for download on the NCUA's website, similar tothe quarterly Call Report data.

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