A Closer Look: NCUA Finalizes New CUSO Registration and Reporting

Brian Witt, an attorney with the law firm Farleigh Wada Witt, says credit union losses from CUSO operations are infrequent, but it’s the magnitude of recent CUSO losses that led to increased regulation and the NCUA’s final CUSO rule.

NCUA to Disclose CAMEL Ratings to FISCUs

In the interest of greater transparency, CAMEL ratings will be disclosed to federally-insured state credit unions when the NCUA examiners perform insurance reviews.