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News Now

CU System
NASCUS state summit in Texas this week
SAN ANTONIO, Texas (9/28/10)--Texas credit union system leaders, state and federal regulators and dual chartering supporters will join the National Association of State Credit Union Supervisors (NASCUS) Thursday through Saturday in San Antonio, Texas for the State System Summit. The events begin today with NASCUS’ business meetings and committee meetings Wednesday. Also on Wednesday, NASCUS will offer a Directors College for Texas credit union directors. The week will culminate with the State System Summit Thursday through Saturday. “This year’s NASCUS State System Summit agenda spotlights innovation in regulation and credit union operations in this time of economic uncertainty,” said NASCUS President/CEO Mary Martha Fortney. “NASCUS expects this meeting to be rich with dialogue and ideas on how state credit unions can continue to thrive while operating in a safe and sound manner.” At the summit, Debbie Matz, National Credit Union Administration chairman, and Bill Cheney, Credit Union National Association president/CEO, will share their outlooks for 2011. John Annaloro, president/CEO of the Washington Credit Union League, plans to discuss what’s next for credit union share insurance. CUNA Mutual Group President/CEO Jeff Post will talk about emerging risks facing credit unions. Summit sessions also will feature discussions on the search for credit union income, how regulatory reform impacts the state credit union system, and a presentation on “State Innovation Across the Nation,” featuring examples of innovation in state credit union operations. During the “State Innovation Across the Nation” session, former Georgia state regulator George Reynolds will discuss innovations at credit unions in his state and innovative solutions to interstate branching issues. Charlie Grossklaus, president/CEO, Royal CU, Eau Claire, Wis., will share insights from his credit union’s purchase of 11 branches of a troubled Madison bank. Wisconsin credit union regulator Sue Cowan also will participate with Grossklaus to discuss the acquisition.
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