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CU System
NASCUS celebrates state-chartered CUs 100 years
BOSTON (8/19/09)--The National Association of State Credit Union Supervisors (NASCUS) will meet for its annual State System Summit, Thursday through Saturday in Boston. NASCUS’ events begin today with business meetings of its leadership and a joint regulators meeting with the Conference of State Bank Supervisors (CSBS). Also today, NASCUS is conducting a directors college for New England area credit union directors. The week will culminate with the State System Summit. “One hundred years ago, Massachusetts passed the first state credit union act creating an example for state and federal credit union chartering,” said NASCUS President/CEO Mary Martha Fortney. “The 2009 NASCUS Summit will recognize this milestone in state credit union history and focus on the constructive dialogue to strengthen safety and soundness, as well as improve the financial health of credit union members.” At this year’s meeting, NASCUS’ current Chairman George Reynolds (Georgia) will pass the leadership to a new chairman, Thomas Candon, deputy commissioner of banking for Vermont’s Department of Banking, Insurance, Securities and Health Care Administration. Parker Cann, senior vice president and general counsel of BECU, Tukwila, Wash., will assume the chairmanship of the NASCUS Credit Union Advisory Council, a position currently held by Mendell Thompson, America’s Christian CU, Glendora, Calif. The summit’s featured speakers include Federal Deposit Insurance Corp. board member Thomas Curry; National Credit Union Administration Vice Chair Rodney Hood, and board member and NASCUS liaison Gigi Hyland; mortgage experts Tracy Ashfield and Richard Hagar; and Callahan and Associates President Chip Filson. The agenda includes presentations on the state of the corporate credit union system, supplemental capital, vendor management, unrelated business income tax, credit union taxation, shared-branching issues and consumer-lending regulatory updates.
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