CUSO Internet Service

98-0620 / June 1998
CUSO Internet Service

Wayne Harubin, President
Credit Union of Denver
P.O. Box 261420
Lakewood, CO 80226-9420

Re: CUSO Internet Service, Your letter dated May 8, 1998.

Dear Mr. Harubin:

Region V has forwarded to this office your request for reconsideration of our opinion that the proposed CUSO Internet services do not fall within the permissible services listed in §712.5 of NCUA's regulation. 12 C.F.R. §712.5. We have reviewed your request and it is denied. In addition, you asked that your request be forwarded to the NCUA Board for review. As a state chartered credit union, your credit union should file its request with the state regulator. NCUA's CUSO regulation only applies to federal credit unions. 12 C.F.R. §712.1.



Sheila A. Albin
Associate General Counsel

SSIC 3501

cc: Mike Johnson, Reg. V


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