PRESS RELEASE
August 12, 2007
Fort Lauderdale, FL. — Members of the NASCUS Credit Union Advisory Council assembled for their Annual Meeting during the NASCUS State System Summit, August 9 in Fort Lauderdale, Florida.
Four director positions on the Credit Union Executive Council were filled at the meeting. The Executive Council is the leadership group of the NASCUS Credit Union Advisory Council, consisting of 12 directors who are credit union executives from around the country.
On August 9, Richard Rice, Teachers Credit Union, South Bend, IN was re-elected to a District I director seat. Also representing District I, Mary McDonald, USA Credit Union, Troy, MI, was elected to her first three-year term. She was appointed to the Executive Council in December 2006. In addition, J. Parker Cann, Columbia Credit Union, Vancouver, WA was re-elected to a seat in District IV.
Credit Union Advisory Council Chairman Mendell Thompson also appointed Debbie Peters, president, Incol Credit Union, Old Forge, PA to the At-Large Director seat on the Executive Council, a three-year term.
At the Annual Meeting, Chairman Thompson, America’s Christian Credit Union, Glendora, CA, remarked on the continued importance of preserving and strengthening the state charter.
“The work of the Advisory Council is critically important in today’s marketplace. As the regulatory and economic landscape becomes more complex and industry consolidation continues, state credit union CEOs must support efforts to preserve dual chartering and promote the viability of the state charter,” said Thompson. “I look forward to continue championing the issues that are important to state credit unions and to dual chartering.”
NASCUS President and CEO Mary Martha Fortney expressed her enthusiasm for the group of state credit union leaders elected to continue the work of the Credit Union Advisory Council. “The NASCUS Credit Union Advisory Council is led by an innovative and dedicated group of state credit union leaders,” said Fortney. “The focused efforts to preserve dual chartering and strengthen the state charter will certainly be enhanced under the leadership of Chairman Thompson and the Executive Council.”
Completing the Credit Union Advisory Council Board of Directors are Jim Blaine, State Employees’ Credit Union, NC; Linda Childs, Knoxville Postal Employees Credit Union, TN; Bob Fouch, Corporate Central Credit Union, WI; Gary Peterson, Financial Plus Credit Union, IA; Loren Rush, Universal 1 Credit Union, OH; TN; Rick Schmidtke, Harborstone Credit Union, WA; and Cathie Tierney, Community First Credit Union, WI. The Executive Council also elected its officers. Cann is Chairman-elect and Tierney serves as the secretary.
Information
Contact:
Kate Hartig, Director of Communications,
(703) 528-0669 or kate@nascus.org
The
NASCUS mission is to enhance state credit union
supervision and advocate a safe and sound state
credit union system. Founded in 1965, NASCUS
represents all 48 state and territorial credit
union supervisors and the NASCUS Credit Union
Advisory Council, which is made up of nearly
500 of the nation's more than 3,400 state-chartered
credit unions.
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