NACUSO Regulatory Alert

In response to a significant proposed change in CUSO powers and regulation in the State of Texas, NACUSO, in coordination with the Texas Credit Union League and the Credit Union Coalition, has filed the following Comment Letter opposing this proposed regulation of Texas Credit Union owned CUSOs. If you are affected by this proposal, we urge you to send you own Comment Letter (feel free to use our letter as a template for your own) to:

Credit Union Department

914 E. Anderson Lane 

Austin, TX 78752-1699

Protection of the ability of CUSOs to bring added member services and non-interest income, lower costs through economies of scale achieved by collaboration and sharing the cost and risk of innovation among several credit unions is a primary objective of NACUSO, and we are pleased to help our Texas based members.

Click here to view Comment Letter

 

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