NASCUS 2016 State System profile (updated)

Note: Updates to data from various states have been incorporated into this resource since summer, 2016.

Section 1: Contact information

Agency contact information: Agency name; Subdivision; Address; City, State, Zip; CUs under supervision

Agency information: Name; Subdivision; Title, top CU oversight position; website

Agencies with/without advisory bodies: Who appoints; Powers; # mbrs; #CU execs on body; Terms (years); Term limits

Section 2: The state CU System

Years of original charter, charter change, most recent CU chartered

Section 3: Agency funding

Fiscal year end, most recent budget, who approves final budget, how agency funded, fee formula, basis for formula

Fees charged for CUs with assets of $20M, $50M, $100M, $500M, $1B, >$1B

How assessments are billed; disposition of annual fees charged; fees charged other than exam, operating or CMPs

Section 4: The exam program

Recurring exams (by time frame: annual, 12-18 mos., 18-24 mos.); Enforcement authorities; CAMEL ratings released

Authority available in selected states (by each authority)

Information sharing agreements, MOUs; FHLB sharing; off-site monitoring

Exam practices

section 5: share insurance

States, share insurance requirements/options; # of privately insured CUs; # of CUs without insurance

section 6: personnel and staffing

Number of staff positions in CU supervisory department: supervisors, examiners, clerical, other

Civil service (y/n), specialists, education/experience, experience as education substitute, do examiners examine banks? (y/n)

Tenure of examination staffing

Comparisons of agency salaries, benefits to local state agencies, local private sector and federal agencies

Salary ranges (minimum/entry, midpoint, maximum) for supervisors, examiners, examiner trainees

Benefits: Insurance, etc.; working remotely; use of state car; annual training

Communications: Resources provided (cell phone, internet connection, etc.); state- or NCUA-issued computers; encrypted email use (y/n); secure portal (Dropbox) (y/n)

Advocacy: Legislation drafting; advocacy (state or federal); comment letters (all y/n)

section 7: state law & regulation

States affected by selected provisions for boards

Board details: Min./max. board size (where applicable); honorary, outside board member(s); board meeting statutory requirements

State powers: Parity provision; withdrawal limits; dividend payment limits; 'Loan production office' regulation; securitization of loans; public deposit acceptance; non-member deposit acceptance (all y/n)

Governance details: Bylaws (origin by model or CU), Enforcement of bylaws (in event of dispute between member/CU over bylaws), Proxy voting (at meeting of CU's membership)

CUSO details: Powers a CUSO may exercise; Total investment allowed for CUs in CUSO

Tax, usury details: State taxes CUs pay; State usury cap 

Miscellaneous powers: Prize-linked savings; Use of term 'banking' in ads; Newsletter issued by agency; Supplemental capital; Limit on cost of member share; State approval for opening new in-state branch; Specific privacy regulations; Derivative transactions (all y/n)

Other details: Asset threshold for requiring opinion audit; SCU holding of fixed asset limit

section 8: branching and chartering

Selected branching provisions (detailed choices)

Administrative branching procedures an out-of-state CU must follow to do business in the state

Chartering provisions: Criteria for approving new CU charter; reg relief provided to CDCUs or LICUS; purposes for public hearings

Miscellaneous chartering provisions

section 9: field of membership

State common bond FOM requirements; groups, etc., allowed for a CU's FOM

Selected FOM provisions

Other provisions related to approving FOM: Membership vote in merger; membership vote in conversion to FCU; membership vote in conversion to non-CU charter; factors considered in approving FOM expansion