News & Events
NASCUS Announces Five Newly Accredited States
ARLINGTON, VIRGINIA – The National Association of State Credit Union Supervisors (NASCUS) is proud to announce five newly accredited state agencies have earned Re-Accreditation following a series of in-depth reviews and assessments by a panel of veteran state supervisors. This list includes: • Idaho Department of Finance - Financial Institutions Bureau • Indiana Department of Financial Institutions - Division of Credit Unions • Tennessee Department of Financial Institutions - Credit Union Division • North Dakota Department of Financial Institutions - Credit Union Program • Vermont Department of Financial Regulation - Credit Union Program More than 88% of the $982 billion in state-chartered credit union assets are supervised by NASCUS’ 28 accredited state agencies.
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 22, 2021
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on June 21, 2021.
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