NCUA regulation § 712.3(d)(4) requires CUSOs, through their written agreements with affiliated credit unions, to provide certain operational and financial information. The NCUA collects this information through the CUSO Registry. In addition, CUSOs must review and update registry information annually by March 31st.
The table below outlines the information CUSOs are required to report based on the services they provide. CUSOs offering complex or high-risk activities, as defined by § 712.5, What activities and services are preapproved for CUSOs? must report additional information to the NCUA through the registry.
| What Information is Required? | Who is Required to Report? |
|---|---|
|
Basic registration information including:
|
All CUSOs |
| Services offered by the CUSO | |
| Federally insured credit unions that invest in, lend to, or receive services from the CUSO (the credit union "customer" information) | |
| Ownership information | |
| Services provided to each federally insured credit union customer | CUSOs that offer one or more high-risk services |
| Investment, loan, or level of activity of each federally insured credit union | |
| Audited financial statements | |
| Total dollar amount of loans facilitated* | CUSOs that offer credit or lending services |
| Total number of loans facilitated* | |
| Total dollar amount of loans granted year-to-date* | |
| Total number of loans granted year-to-date | |
| * As applicable for the types of services that are offered | |
Examiners can view all CUSO records in the registry, but have no responsibility to validate the information during the submission process. However, exam staff must review compliance with CUSO Registry reporting during every examination, using the procedures outlined in the NSPM. Select CUSO information is available to the public through the CUSO Registry search function on NCUA’s website.
Last updated August 9, 2018
