Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 | THE NASCUS MISSION IS TO ENHANCE STATE CREDIT UNION SUPERVISION AND ADVOCATE FOR A SAFE AND SOUND STATE CREDIT UNION SYSTEM. TO ACCOMPLISH THIS MISSION, NASCUS DEFENDS AND PROMOTES THE INTERESTS OF STATE CREDIT UNION REGULATORS AND THE CREDIT UNIONS THEY SUPERVISE THROUGH ADVOCACY AND EDUCATION. |
| FORM 990 PART V LINE 2B | THE ORGANIZATION'S EMPLOYEES ARE PAID THROUGH COLLABORATIVE OFFICE SOLUTIONS, LLC (EIN 27-1415599), A PROFESSIONAL EMPLOYER ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | ORGANIZATION HAS MEMBER REGULATORY AGENCIES, CREDIT UNIONS, STATE ASSOCIATIONS, AND OTHER CREDIT UNION SYSTEM ORGANIZATIONS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT BOARD OF DIRECTORS ANNUALLY. |
| FORM 990, PART VI, SECTION A, LINE 7B | REGULATOR MEMBERS MUST VOTE ON ANY CHANGE TO THE BYLAWS REGARDING REPRESENTATION ON THE BOARD OF DIRECTORS OR ON A PROPOSED INCREASE IN DUES GREATER THAN 10%. EACH REGULATORY AGENCY HAS ONE VOTE AND DECISIONS ARE BASED ON SIMPLE MAJORITY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS SENT TO THE BOARD OF DIRECTORS AND THE CREDIT UNION ADVISORY COUNCIL VIA EMAIL. THESE GOVERNANCE BODIES ARE ASKED TO REVIEW AND SUBMIT ANY COMMENTS OR QUESTIONS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES. GENERAL COUNSEL REGULARLY MONITORS COMPLIANCE WITH THE POLICY WHICH CONTAINS DETAILED INFORMATION ABOUT ENFORCEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS, THE CREDIT UNION ADVISORY COUNCIL, AND AN OUTSIDE EXECUTIVE RECRUITING CONSULTANT REVIEWED EXTERNAL COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS TO DETERMINE THE CEO'S ANNUAL SALARY WHEN THE POSITION WAS FILLED IN 2014. IN 2017, THE BOARD AND ADVISORY COUNCIL REVIEWED EXTERNAL COMPARABILITY DATA FOR SIMILARLY QUALIFIED POSITIONS. THE CONTRACT DOCUMENTS THE TERMS AND COVERS THE PERIOD OF NOVEMBER 3, 2014-DECEMBER 31, 2018. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ANNUAL AUDIT OR REVIEW AND CERTAIN GOVERNING DOCUMENTS (BYLAWS, AND PUBLIC POLICIES) ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE TO PROVIDE OVERSIGHT OF THE FINANCIAL STATEMENT PROCESS CONSISTENT WITH THE PRIOR YEARS. THERE WAS NO CHANGE IN EITHER THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX PERIOD. |
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