FOR IMMEDIATE RELEASE
August 10, 2021
NASCUS and AACUC Announce Mutual Membership Alliance
Arlington, VA –The National Association of State Credit Union Supervisors (NASCUS) and the African-American Credit Union Coalition (AACUC) proudly announce a mutual membership alliance designed to strengthen the state credit union system and enhance diversity, equity, and inclusion (DEI) engagement strategies within the industry.
“Our mission is centered around forging a vibrant dual charter system and promoting a relevant, growth-oriented, and healthy state charter option. This partnership with AACUC further enhances dialogue with regulators and state-chartered credit unions while promoting personal and professional growth within the industry as a whole. As a champion in the DEI movement, AACUC’s Commitment to Change will help us shape an inclusive environment and provide learning opportunities to strengthen the state system.” NASCUS President and CEO Lucy Ito commented.
AACUC, formally established in 1999, was created to increase the strength of a global credit union community through professional development and advocacy. Led by President and CEO Renée Sattiewhite, the AACUC has become an all-encompassing organization for individuals (professionals and volunteers) in Credit Unions, Insurance, Regulators, Consultants and other entities in the credit union industry.
“AACUC and NASCUS are structured to create a fair and equitable industry while encouraging growth and living the ‘people helping people’ philosophy. I look forward to deepening our collaborative relationship and working together to make a positive lasting impact on the lives of millions of Americans. This partnership opens the door to state regulators and offers AACUC the ability to give feedback on the effect of rules and regulation to the African-American community,” stated AACUC President and CEO Renée Sattiewhite.
As a result of this alliance, members from each organization will have the opportunity to learn best practices, expand their knowledge of real-world issues, and deliberate on the regulatory landscape. With the DEI movement gaining considerable steam over the past several years, this alliance is an excellent opportunity to expand a collective mission of inclusive cooperation and bring the state credit union system closer to a future in which diversity, equity, and inclusion thrive.
Ms. Ito further commented, “AACUC’s relentless drive for change and inclusion across various cultures and groups beyond the African American community is transformative for our industry. NASCUS is honored to collaborate with them and expand on the DEI message to our network of 45 state agencies and more than 2,000 state-chartered credit unions.”
With this partnership, AACUC holds associate member status with NASCUS, and NASCUS maintains a corporate membership with AACUC.
AACUC is considered a leader in the credit union industry adopting the 8th Cooperative Principle and providing knowledge of how credit unions can become more diverse and inclusive.
NASCUS is the national association that advocates for a strong and healthy state credit union system, and whose members include state regulatory agencies, credit unions, credit union leagues, and organizations that support the state credit union system. Our mission is to forge a vibrant dual charter system by promoting a relevant, growth-oriented, and healthy state charter option. More information about NASCUS can be found here.
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