PRESS RELEASE
January 30, 2008
SAN FRANCISCO, CA. — Regulators from six states gathered in San Francisco, California on January 29 for the first in a series of NASCUS Regional Regulator Meetings.
Hosted by NASCUS and the California Department of Financial Institutions, the meeting provided a valuable opportunity for in-person dialogue on emerging regional and state-specific issues. The states represented at the meeting were California, Idaho, Nevada, Oregon and Utah. NASCUS Chairman George Reynolds of Georgia also attended the meeting with NASCUS management.
“It’s very important for NASCUS to provide opportunities for regulators to exchange information and collaborate on ways to improve examination and supervision in our individual states and collectively across the country,” said Reynolds. “I look forward to the opportunity to learn from each region and share perspective with state regulators around the country as the meeting series continues throughout 2008.”
Attendees discussed a number of examination and supervision issues as well as unrelated business income tax (UBIT), interstate branching, member business lending, examiner education and capital reform.
State regulators encouraged NASCUS to continue the regional meetings started by past NASCUS Chairman Roger Little (MI). In its fifth year, this year’s series of NASCUS regulator meetings will continue to Boston, Massachusetts on February 8, Chicago, Illinois on June 11 and conclude in Nashville, Tennessee on September 18. The state agencies in event locations are co-hosting the meetings.
“NASCUS places great emphasis on ensuring the state regulatory system is constantly improving through innovation and best practice sharing,” said NASCUS President and CEO Mary Martha Fortney. “The regional regulator meetings and NASCUS’ other networking opportunities help the association achieve this goal and strengthen our focus on enhancing the safety and soundness of the state credit union system.”
Information
Contact:
Kate Hartig, Director, Communications and Public Affairs,
(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 3,300 state-chartered
credit unions.
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