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Re-Accredited by NASCUS

ARLINGTON, Va. - The Idaho Department of Finance has earned another five-year re-accreditation by NASCUS. The state regulator was first accredited in 1990, making the latest re-accreditation the fourth consecutive five-year accreditation certificate it's been awarded. As of Sept. 30, 2005, the Idaho Department of Finance supervised 42 credit unions...

By Staff Writer | Updated on November 29, 2005

ARLINGTON, Va. – The Idaho Department of Finance has earned another five-year re-accreditation by NASCUS. The state regulator was first accredited in 1990, making the latest re-accreditation the fourth consecutive five-year accreditation certificate it’s been awarded. As of Sept. 30, 2005, the Idaho Department of Finance supervised 42 credit unions with total assets of more than $1.4 billion. The Department, which marked its 100th anniversary this year, is also the host state regulator for four credit unions operating from the states of Washington and California. “Re-accreditation by NASCUS is a very significant accomplishment for our Department,” said Idaho Department of Finance Director Gavin Gee. “It is an independent expert certification that our Departments, staff, policies, practices, laws and regulations conform to the highest national standards for credit union regulatory agencies.” NASCUS accreditation is valid for a five-year period subject to annual review. NASCUS accredited states supervise more than 80% of state-chartered CU assets.

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