National Association of State Credit Union Supervisors

National Association of State Credit Union Supervisors (NASCUS)
Formation 1965
Headquarters Arlington, Virginia
United States
Website www.nascus.org

The National Association of State Credit Union Supervisors (NASCUS) is an organization that was formed in 1965 to serve as the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation's state-chartered credit unions. NASCUS is the only organization dedicated to the defense and promotion of the dual-chartering system and the autonomy of the state credit union regulatory agencies. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. The organization operates out of its headquarters in Rosslyn, Virginia.

NASCUS also represents the interests of state agencies before Congress and is the liaison to federal agencies, including the National Credit Union Administration (NCUA).

Organization

NASCUS' current President and Chief Executive Officer, as of Nov. 3, 2014, is Lucy Ito.[1] Ito formerly served as executive vice president and chief operations officer for the California and Nevada Credit Union Leagues. Ito replaced Mary Martha Fortney, who announced on Feb. 21, 2014, that she would retire from NASCUS on Dec. 31, 2014.[2] NASCUS is governed by a board of directors, which consists of nine regulators elected by NASCUS members who are state regulatory agencies and their personnel.

NASCUS' credit union membership consists of a national forum of state credit union representatives that includes CEOs in U.S. state-chartered credit unions. The membership is governed by the NASCUS Advisory Council—a group of 12 directors who are credit union executives from around the United States who serve as advisors to NASCUS. The Credit Union Advisory Council works to protect state authority, promote regulatory innovation, and to promote diversity within the state-chartered system.[3] Credit union members serve in an advisory capacity on some of NASCUS' standing committees.

As advisors to NASCUS, the NASCUS credit union members focus exclusively on preserving the dual-chartering system and representing the interests of state-chartered credit unions.

In addition to regulator and credit union members, NASCUS also has Dual Chartering Benefactor members—state credit union leagues, federal credit unions, law firms dedicated to credit unions, national credit union trade associations and credit union share insurers.

See also

References

  1. ↑ Strozniak, Peter (5 November 2014). "Ito Takes Helm at NASCUS". Credit Union Times. Retrieved 9 December 2014.
  2. ↑ Anderson, Heather (21 February 2014). "NASCUS' Fortney Announces Retirement". Credit Union Times. Retrieved 22 April 2014.
  3. ↑ "NASCUS; NASCUS asks NCUA to Ease Up on Examinations" (Press release). Credit Union Times. October 7, 2011. Retrieved November 2, 2012.
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