Utah and Ohio CU Directors Join NASCUS for Recent Directors Colleges
June 13, 2012 - NASCUS, along with the Utah Department of Financial Institutions and the Ohio Department of Commerce, hosted Directors Colleges recently to provide continuing education opportunities for directors and other volunteers.
NASCUS held the third annual Directors College in Utah on May 30 at Mountain America Credit Union in West Jordan, Utah. Bob Hoel of Filene Research Institute kicked off the one-day training with an interactive discussion on best practices in governance and what credit unions can learn from corporate governance. Orla Beth Peck, NASCUS Chairman and Utah's Supervisor of Credit Unions, provided a look at the various risks credit unions are facing in today's financial landscape. An update on Bank Secrecy Act (BSA) was also included on the agenda presented by Ann Gregson, senior examiner with the Utah Department of Financial Institutions. The program closed with Stephen Nelson, Vice President of Credit Union Support, Utah's Credit Union Association, covering a credit union financial statement review.
On June 4, NASCUS was in Columbus, Ohio for the first Directors College in that area. More than 80 attendees joined NASCUS for a full-day of speakers. Bud Crouch, Tecker International, spent the morning leading a session focused on how to add value as a board member including exercises for self- and board evaluation as well as discussion of how to be a more efficient and strategic board. Following Crouch, Mike Wettrich, Ohio's Deputy Superintendent for Credit Unions, discussed the regulatory expectations of a director. Matt Walker, Depository General Counsel for the Ohio DFI, provided an overview of recent state regulation changes impacting credit unions. Also from the Ohio DFI, Ida Neely, gave attendees the latest on the BSA. The day closed with Valerie Edgington, Ohio Credit Union League's Manager, Risk Management, who presented a refresher on credit union financial statements and important ratios.
Since 2008, NASCUS has worked with state credit union regulatory agencies and state credit union leagues in 20 states to provide regulatory, compliance and board education from the regulator's perspective to board of directors, other credit union volunteers and credit union management. To date, NASCUS has trained nearly 2,000 directors with our program.
The next NASCUS Directors Colleges are scheduled for June 26 in Appleton, Wisconsin and July 18 in Wichita, Kansas. If you are interested in bringing a directors college to your state, please email firstname.lastname@example.org.