PRESS RELEASE
February 1, 2008
SAN FRANCISCO, CA. — NASCUS hit the road this week traveling to California to meet with credit union executives for the first Credit Union Advisory Council Outreach Meeting of 2008.
NASCUS management along with Credit Union Advisory Council Chairman Mendell Thompson (America’s Christian Credit Union, Glendora, California) sat down with California credit union and league executives to provide updates on top issues and to understand how NASCUS can further its advocacy efforts on behalf of state-chartered credit unions.
Attendees were particularly interested in unrelated business income tax (UBIT) developments and progress with the recent litigation, as well as the changes to the Internal Revenue Service Form 990. The group also discussed regulatory issues related to member business lending, third party relationships and subprime mortgage lending.
“The Credit Union Advisory Council Outreach Meetings provide an outstanding opportunity for NASCUS, credit union leaders and the state leagues to exchange ideas and engage in discussion about common challenges facing state credit unions and the dual chartering system,” said NASCUS President and CEO Mary Martha Fortney.
In the past two years, NASCUS has held nearly a dozen outreach meetings on a state and regional basis with the credit union community. NASCUS met with the Arizona credit union community in October of 2007, and plans to visit North Carolina and Illinois as well as other states in 2008. Dates and locations will be announced on the NASCUS Web site at www.nascus.org.
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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