Missouri Division of Credit Unions reaccredited by NASCUS - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Missouri Division of Credit Unions reaccredited by NASCUS

(Source: Raycom Media) (Source: Raycom Media)
JEFFERSON CITY, MO (KFVS) -

The Missouri Division of Credit Unions has again achieved national accreditation by the National Association of State Credit Union Supervisors (NASCUS). 

NASCUS accreditation is an independent review that ensures the agency’s policies and procedures meet the highest professional standards. 

The division was the fifth state credit union regulatory agency in the nation to receive accreditation in 1990, maintaining its accredited status every five years. 

“National accreditation is a significant achievement for our agency. Our staff is to be commended for this accomplishment, as they take great pride in fulfilling their roles in safeguarding the deposits of Missouri’s 1.4 million credit union members,” said Ken Bonnot, Director of the Missouri Division of Credit Unions. 

“Accreditation provides assurance that our state-chartered credit unions in Missouri are properly examined and supervised in the most effective and efficient manner.”

The accreditation process reviews all aspects of the Division’s operations, including its mission, funding, policies, procedures and statutory authorities. 

A team of state regulators from across the nation performs the review with the results being submitted to the Performance Standards Committee of NASCUS, which votes on the final accreditation decision.

“Being accredited is a significant achievement for a state supervisory agency as it ensures effective, sound and uniform supervision across the nation’s state credit union system,” said Lucy Ito, NASCUS President and CEO.

Missouri ranks sixth in the nation in the number of state-chartered credit unions with 108 having cumulative assets of nearly $13 billion.

Deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000, just as bank deposits are insured by the FDIC to the same limit.

Download the KFVS News app: iPhone | Android

Copyright 2017 KFVS. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Station: Video shows nurses laughing as 89-year-old dies

    Station: Video shows nurses laughing as 89-year-old dies

    Friday, November 17 2017 5:11 PM EST2017-11-17 22:11:09 GMT
    Sunday, November 19 2017 1:41 PM EST2017-11-19 18:41:48 GMT

    An Atlanta television station says video secretly recorded in a nursing home in 2014 shows nurses laughing while they try to start an oxygen machine and an 89-year-old World War II veteran dies.

    An Atlanta television station says video secretly recorded in a nursing home in 2014 shows nurses laughing while they try to start an oxygen machine and an 89-year-old World War II veteran dies.

  • Trump says he should have left UCLA players in Chinese jail

    Trump says he should have left UCLA players in Chinese jail

    Sunday, November 19 2017 1:33 PM EST2017-11-19 18:33:58 GMT
    Sunday, November 19 2017 4:31 PM EST2017-11-19 21:31:56 GMT

    After UCLA player's father minimized President Donald Trump's involvement in winning players' release from China, Trump tweets, "I should have left them in jail!".

    After UCLA player's father minimized President Donald Trump's involvement in winning players' release from China, Trump tweets, "I should have left them in jail!".

  • Woman convicted in hair weave killings collapses as guilty verdict read

    Woman convicted in hair weave killings collapses as guilty verdict read

    Saturday, November 18 2017 8:09 AM EST2017-11-18 13:09:51 GMT
    Shelby Isaac (Source: WMC Action News 5)Shelby Isaac (Source: WMC Action News 5)

    Shelby Isaac was found guilty on two counts of second-degree murder in the shooting and killing E.J. Tate, his girlfriend Edwina Thomas, and their unborn child in January 2016. 

    Shelby Isaac was found guilty on two counts of second-degree murder in the shooting and killing E.J. Tate, his girlfriend Edwina Thomas, and their unborn child in January 2016. 

Powered by Frankly