NASCUS Announces Two Dual Charter Resource Initiative Events

NASCUS Announces Two Dual Charter Resource Initiative Events

ARLINGTON, Va. — Last month, the National Association of State Credit Union Supervisors (NASCUS) President and CEO Lucy Ito proudly announced the Dual Charter Resources Initiative (DCRI) launch during the 2021 Annual Membership Meeting. Today, NASCUS is honored to announce two upcoming events, as part of the DCRI, designed to bring the nation’s largest credit unions together with state regulators in a series of curated events.

The CURE (Credit Union and Regulator Engagement) event brings together credit union leaders, with assets between $4-$10 billion, with state regulators from across the country to focus on topics currently affecting the industry. The September 29-30 virtual event will tackle a robust agenda, including central bank digital currencies (CBDCs), climate change considerations for the credit union sector, the evolution of the mortgage market from the Great Recession to the current COVID-19 era, and the regulatory and supervisory transitions credit unions face as they cross the $10 billion ONES threshold. Attendance to the CURE is by invitation only.

The Exchange, now in its fourth year, is an event with participants spanning the country from the largest state and federal credit unions, with assets of $10 billion and greater, and future-focused state-agency regulators. Attendees will delve into the emerging issues growing cybersecurity and ransomware risks, interstate operations, and threats to the state and federal credit union charter as the charter of choice amid new entrants in the U.S. payments system, including BigTech and fintechs, and possibly FedCoin as a digital dollar. Attendance to the Exchange is by invitation only.

“NASCUS endeavors to strengthen and improve the state charter, which in turn benefits the federal charter. Discussing emerging issues from different angles in a mutual dialogue at the Exchange, and now CURE, between industry and state regulators, is unique in fostering the long-term sustainability of the dual charter framework. NASCUS seeks engagement from the largest credit unions at these two specially-curated events because of their critical role in advancing credit union system innovation,” said Lucy Ito, NASCUS President & CEO.

The Dual Charter Resource Initiative is a sponsorship opportunity for those who value a vibrant and robust dual charter system. DCRI sponsors engage with the initiative through a series of financial contributions and select events. Support is solicited on three levels, Champions, Leaders, and Partners.

Those looking to participate in either of the events or the DCRI can contact Alicia Valencia Erb, Vice President of Member Relations at aerb@nascus.org.