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CU System
Vermont regulator assumes NASCUS chairmanship
SOUTH BURLINGTON, Vt. (8/24/09)--Tom Candon, Vermont’s deputy commissioner of banking, Friday was named chairman of the National Association of State Credit Union Supervisors (NASCUS) during its annual business meeting.
Tom Candon Friday became chairman of the National Association of State Credit Union Supervisors during its annual business meeting in Boston. Pictured are, front row, from left, Candon, deputy commissioner, Vermont Department of Banking, Insurance, Securities & Health Care Administration (BISHCA); and Joe Bergeron, president, Association of Vermont Credit Unions, surrounded by representatives from Vermont credit unions and the Vermont Department of BISHCA. (Photo provided by the Association of Vermont Credit Unions)
Candon, from the Vermont Department of Banking, Insurance, Securities & Health Care Administration (BISHCA), takes over the elected leadership role from outgoing Chairman George Reynolds of Georgia. NASCUS’ annual three-day State System Summit was held in Boston last week (Newlines Express Aug. 21). During the Chairman’s Luncheon Thursday co-sponsored by the Association of Vermont Credit Unions (AVCU), AVCU President Joe Bergeron welcomed participants to Boston, introduced Candon, and presented him with a plaque to commemorate the milestone. Candon delivered remarks about his ascension to the chairmanship and the future of NASCUS and the dual-chartering structure. Also on hand to congratulate Candon were Vermont representatives from the association, state and federal credit unions, BISHCA, and Tricorp Federal CU of Maine. Candon’s term will expire in 2011. The NASCUS board of directors for 2009-2010 was also announced at the meeting. Jerrie Jay, the Administrator of the North Carolina Division of Credit Unions, and Immediate Past Chairman Reynolds, senior deputy commissioner of the Georgia Department of Banking and Finance, were re-elected to three-year terms on the NASCUS Board. Chairman Candon also re-appointed Mary Hughes, financial institutions bureau chief of the Idaho Department of Finance, to a second one-year appointment on the NASCUS Board, which completes the nine-person governing body of NASCUS. The NASCUS Board also elected its officers. Orla Beth Peck, supervisor of credit unions, Utah Department of Financial Institutions, is the Chairman-elect, and Suzanne Cowan, director, Wisconsin Office of Credit Unions, will serve as Secretary/Treasurer.
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