2015 Pierre Jay Award honoree named

CONTACT: Patrick Keefe, NASCUS Communications/(703) 528-5974; pkeefe@nascus.org

FORMER VERMONT REGULATOR HONORED WITH ANNUAL AWARD
Tom Candon is 2015 ‘Pierre Jay Award’ honoree; contributions benefitted state system

ARLINGTON, Va. — Tom Candon, the former deputy commissioner of banking for the Vermont Department of Finance, is the 2015 recipient of the Pierre Jay Award, conferred annually by the National Association of State Credit Union Supervisors (NASCUS).

The Pierre Jay Award was created by NASCUS to recognize individuals whose contributions have benefited the state credit union system in a significant way. Recipients of the award best demonstrate outstanding service, leadership and commitment to NASCUS and the dual chartering system.

The award is named after the first Commissioner of Banks in Massachusetts, Pierre Jay, who was appointed to the position in April 1906 and who exhibited a commitment to perseverance and service, which profoundly shaped credit union history The Pierre Jay Award is presented annually during the NASCUS State System Summit. NASCUS first presented the Pierre Jay Award in 1997.

Candon served as chairman of the NASCUS Regulatory Board from 2009-11. He was a member of the State Regulator Working Group for the NCUA-proposed rule on risk-based capital (both I and II). Additionally, he was the NASCUS representative to the State Liaison Committee of the Federal Financial Institutions Examination Council (FFIEC), and a representative on numerous NASCUS accreditation teams.

“Congratulations to Tom, who has served the state system ably and honorably throughout his tenure,” said Lucy Ito, president and CEO of NASCUS. “His dedication and commitment is a model for all of us who strive to ensure a safe, sound and effective state credit union system.”

(PHOTO IS AVAILABLE HERE; cutline as follows: )

Tom Candon (with award), 2015 Pierre Jay Award honoree, is congratulated by (from left) NASCUS President and CEO Lucy Ito, Credit Union Advisory Council Chairman Linda Childs and Board Chairman Steve Pleger.