NCUA’s new CUSO Rule

Monday, June 30, was the deadline for NCUA’s new CUSO rule

The new rule requires any federally-insured credit union with an outstanding loan to, or an investment in, a CUSO to enter into a written agreement requiring the CUSO to submit annual reports to the NCUA, as well as a state supervisory authority if the credit union is state-chartered.

This article in Credit Union Magazine provides more information.