FY27 DFI NASCUS Dues SPSSC

The State of Illinois, Division of Financial Institutions, awarded an Open Market Small Purchase contract to the National Association of State Credit Union Supervisors effective July 1, 2026, through June 30, 2027. The contract value is $62,580.00 and covers the payment of fiscal year 2027 membership dues to the National Association of State Credit Union Supervisors. The dues obligation is calculated using a formula based on the total amount of credit union assets under the Illinois Department of Financial and Professional Regulation's Division of Financial Institutions' supervision as of December 31, 2025.

This contract represents a standard membership fee arrangement whereby the State of Illinois maintains its participation in the National Association of State Credit Union Supervisors during the specified contract period. The award is subject to standard Illinois procurement requirements, including compliance with 34 certification standards covering legal status, ethics, operational standards, financial obligations, and specialized regulatory requirements. The contract is contingent upon appropriation availability and is governed by the State of Illinois Standard Terms and Conditions, which establish uniform contractual obligations including payment procedures under the State Prompt Payment Act and record retention requirements.