Required service organization registration starts Feb. 1

Annual required “reaffirmation” by credit union service organizations (CUSOs) must be completed between Feb. 1 and March 31 with the NCUA’s CUSO registry, the agency announced today.

In a release, the agency noted that CUSOs are required to report financial and regulatory information to NCUA on an annual basis through the registry. The CUSO Registry (launched last year) is part of NCUA’s enhanced CUSO rule approved by the agency’s Board in November 2013, the release added.

While registration is required, there is no fee – and it may be completed online. NCUA also posted a link to a “searchable version” of the CUSO registry, which it stated holds information on nearly 900 registered CUSOs.

 

CUSO reaffirmation registration

Searchable version of CUSO registry

 

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