National Association of State Credit Union Supervisors
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 membership is made up of state regulators, state-chartered credit unions, and other supporters of the state credit union system. The organization operates out of its headquarters in Arlington, Virginia.
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| Formation | 1965 |
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| Headquarters | Arlington, Virginia United States |
| Website | www.nascus.org |
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| Banking in the United States |
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NASCUS also represents the interests of state agencies before Congress and is the liaison to federal agencies, including the National Credit Union Administration (NCUA), Department of the Treasury (USDT) and Consumer Financial Protection Bureau (CFPB).
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 eight state credit union regulators--seven of whom are elected by the regulator membership and one of whom is appointed by the Chair of the Board.
NASCUS' credit union membership consists of state- and federally-chartered credit unions in the United States. The membership is governed by the NASCUS Credit Union Advisory Council (CUAC)—a group of eight credit union executives—seven of whom are elected by the credit union membership and one of whom is appointed by the Chair of the CUAC. 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.
References
- Strozniak, Peter (5 November 2014). "Ito Takes Helm at NASCUS". Credit Union Times. Retrieved 9 December 2014.
- Anderson, Heather (21 February 2014). "NASCUS' Fortney Announces Retirement". Credit Union Times. Retrieved 22 April 2014.
- "NASCUS; NASCUS asks NCUA to Ease Up on Examinations" (Press release). Credit Union Times. October 7, 2011. Retrieved November 2, 2012.
