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Wisconsin receives NASCUS accreditation

ARLINGTON, Va. - Wisconsin has become the 24th state to earn accreditation from NASCUS. The designation means the NASCUS Accreditation Review Team, the Accreditation Audit Working Group and the Performance Standards Committee have positively concluded that the Office of Credit Unions of the State of Wisconsin meets all criteria necessary...

By Staff Writer | Updated on June 05, 2001

ARLINGTON, Va. – Wisconsin has become the 24th state to earn accreditation from NASCUS. The designation means the NASCUS Accreditation Review Team, the Accreditation Audit Working Group and the Performance Standards Committee have positively concluded that the Office of Credit Unions of the State of Wisconsin meets all criteria necessary to meet its statutory responsibility to charter, examine, supervise and regulate the credit unions chartered under the laws of Wisconsin. Accreditation is valid for five years, subject to the approval of annual evaluation update reports that have to be submitted to NASCUS. The reports must show evidence of continued capability and performance consistent with the NASCUS accreditation standards. After five years, the agency must complete the entire comprehensive accreditation process again in order to retain its status. According to NASCUS, there are as many as five more states in various stages of applying for accreditation.

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