ALEXANDRIA, Va. (2/3/16)--Registration is now open for the National Credit Union Administration’s (NCUA) webinar on its new credit union service organization (CUSO) registry. Registration is free for the webinar, which is scheduled for Feb. 11 at 2:30 p.m. (ET).
First announced last month, the webinar will show the basics of the CUSO Registry. The CUSO registration period is open through March 31.
The NCUA approved an enhanced CUSO rule in November 2013, making federally insured credit unions responsible for ensuring the CUSOs they make loans to or invest in agree to provide certain information directly to NCUA.
In the event a CUSO fails to register, credit unions may not make additional investments or loans to the CUSO until the registration requirement is met.
The NCUA also sent a letter to credit unions (16-CU-02) with details on the requirements.