http://nascus.novawebgroup.com/pressroom/index.php Pressroom for the National Association of State Credit Union Supervisors en-us Nascus Copyright 2011 Rep. Peter King (R-NY) introduced the Capital Access for Small Businesses and Jobs Act, H.R. 3993, legislation that will allow credit unions to access supplemental capital, a reform long supported by NASCUS. http://www.http://nascus.novawebgroup.com/press_release/2012-press-releases/2-9-12-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/12-20-11-PR.php.php On. Jan. 4, the U.S. Government Accountability Office (GAO) released a report addressing credit union failures and NCUA's responses to those failures as well as implementation of Prompt Corrective Action (PCA). http://www.http://nascus.novawebgroup.com/press_release/2012-press-releases/1-5-12-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/12-20-11-PR.php.php NASCUS would like to take this opportunity to both welcome Porter and express gratitude for Oakland's lasting contributions to NASCUS' Credit Union Advisory Council and the state credit union system. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/12-20-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/12-20-11-PR.php.php NASCUS urges NCUA to reconsider this proposal and work with state regulators to enhance supervision by improving existing authority and monitoring programs, and minimize regulatory burden by adopting a targeted approach to CUSO oversight. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/9-27-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/9-27-11-PR.php.php The state regulators continuing their service on the NASCUS Board are John Kolhoff (MI), Orla Beth Peck (UT) and Michael Wettrich (OH). Each Board member will serve a three-year term ending in September 2014. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/9-19-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/9-19-11-PR.php.php The NASCUS Credit Union Advisory Council held its 2011 Annual Meeting on Sept. 14 in Chicago where two state credit union CEOs began new terms on NASCUS' Credit Union Executive Council. The Credit Union Advisory Council is governed by the Executive Council, a group of 12 directors who are credit union executives from around the country. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/9-19-11-PR-2.php http://nascus.novawebgroup.com/press_release/2011-press-releases/9-19-11-PR-2.php.php Illinois Gov. Pat Quinn addressed the NASCUS State System Summit in Chicago to an audience of state regulators, state-chartered credit unions and system leaders. In his remarks, Gov. Quinn complimented the credit union movement and also commended regulators for "keeping an eye on things." http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/9-15-11-PR-3.php http://nascus.novawebgroup.com/press_release/2011-press-releases/9-15-11-PR-3.php.php Roger Little, retired credit union regulator from Michigan and past NASCUS Chairman and longtime NASCUS Board Director, was honored with the 2011 NASCUS Pierre Jay Award. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/9-15-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/9-15-11-PR-2.php.php On Sept. 14, Utah's credit union regulator, Orla Beth Peck, became the NASCUS Chairman for a two-year term. Additionally, Catherine Tierney, Community First Credit Union, Wisconsin, was installed as the new Chairman of the NASCUS Credit Union Advisory Council. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/9-15-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/9-15-11-PR.php.php On September 14-16, 2011 in Chicago, the state credit union system’s leaders, state and federal regulators and dual chartering supporters will join NASCUS for its annual State System Summit. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/9-12-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/9-12-11-PR.php.php Gov. Quinn will address NASCUS State System Summit attendees on Thursday, September 15 during a special luncheon. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/8-31-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/8-31-11-PR.php.php NASCUS will host its annual gathering of the state credit union system, the State System Summit, in Chicago, Sept. 14-16, 2011. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/8-18-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/8-18-11-PR.php.php NASCUS’ comments are confined to ensuring that a credit union’s decision to participate is a prudent one given its particular condition and recommends the agency add a safety and soundness threshold for participation. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/6-20-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/6-20-11-PR.php.php NASCUS recommends alternative interest rate risk management approach and comments on the proposal to implement legislation approved earlier this year. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/5-24-11-PR-2.php http://nascus.novawebgroup.com/press_release/2011-press-releases/5-24-11-PR-2.php NASCUS Chairman Tom Candon (VT) has appointed John J. Kolhoff, Michigan's Deputy Commissioner of Credit Unions, to the NASCUS Board of Directors. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/5-24-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/5-24-11-PR.php The Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) have issued a joint letter to Congress in support of legislation that would delay implementation of the interchange fee provisions of the Dodd-Frank Wall Street and Consumer Reform Act. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/5-12-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/5-12-11-PR.php In a May 2 letter to the National Credit Union Administration (NCUA), NASCUS provided input on the state-chartered credit union impact of the proposed rule to remove references to credit ratings in determining the credit-worthiness of a security as directed by Title IX of the Dodd-Frank Act. NCUA’s proposal affects four chapters of NCUA’s regulations. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/5-2-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/5-2-11-PR.php NASCUS Chairman Tom Candon (VT) has appointed Robert Meza, Director of Financial Institutions for the Illinois Department of Financial and Professional Regulation, to the NASCUS Board of Directors. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/4-18-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/4-18-11-PR.php The Ohio credit union regulator and an Ohio state credit union executive were recently appointed to NASCUS leadership. http://www.http://nascus.novawebgroup.com/press_release/2011-press-releases/3-9-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/3-9-11-PR.php The first memorandum of understanding (MOU) was signed by a state credit union regulator on March 2 and the Consumer Financial Protection Bureau (CFPB) to establish a framework for cooperation and information sharing. http://nascus.novawebgroup.com/press_release/2011-press-releases/3-2-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/3-2-11-PR.php With sincere appreciation, NASCUS thanks James Forney of the Iowa Division of Credit Unions for his years of service to NASCUS and the state regulatory system. He announced his retirement today. http://nascus.novawebgroup.com/press_release/2011-press-releases/2-8-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/2-8-11-PR.php First, Chairman Candon appointed Howard Pitkin, commissioner of the Connecticut Department of Banking, to the NASCUS Board of Directors. Pitkin previously served on the NASCUS Board of Directors from 2003-2005 when he was the agency's Administrator of Depository Institutions. He has more than 30 years of experience as a state regulator. Pitkin is filling an unexpired one-year term, ending in Sept. 2011. http://nascus.novawebgroup.com/press_release/2011-press-releases/1-31-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/1-31-11-PR.php In its comments on the NCUA's latest proposed corporate credit union rule, NASCUS encourages the agency to consider enhancing application of existing corporate regulations and supervisory oversight to address its concerns and to be mindful of encroaching on state law in some areas of the proposal. While NASCUS shares the agency's concerns about the corporates' supervision and material risk, its comments reflect a difference of opinion as to how best to mitigate risk and address regulatory concerns. http://nascus.novawebgroup.com/press_release/2011-press-releases/1-24-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/1-24-11-PR.php In response to NCUA Chairman Debbie Matz's Jan. 14 letters to Congress, NASCUS expresses its support for the Congressional efforts to address credit union capital reform, including access to supplemental capital for credit unions. http://nascus.novawebgroup.com/press_release/2011-press-releases/1-18-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/1-18-11-PR.php NASCUS Chairman Tom Candon (VT) announced that Ken Ross, the commissioner of the Michigan Office of Financial and Insurance Regulation, was appointed to the NASCUS Board of Directors. http://nascus.novawebgroup.com/press_release/2011-press-releases/1-3-11-PR.php http://nascus.novawebgroup.com/press_release/2011-press-releases/1-3-11-PR.php