NASCUS HOSTS 3rd ANNUAL REGULATOR – CREDIT UNION EXCHANGE

For Immediate Release

July 23, 2020

NASCUS HOSTS 3^rd ANNUAL REGULATOR – CREDIT UNION EXCHANGE

Earlier this week, NASCUS hosted the 3^rd Annual “Exchange” featuring regulators, credit union leaders and NCUA Board Chairman Rodney Hood.

The Exchange was developed to open a dialogue between state regulators and state and federal chartered credit unions to examine emerging issues. During two half-day, virtual sessions, the group discussed an array of topics, including: diversity, equity & financial inclusion; mergers & acquisitions; accounting standards & trouble debt restructuring forbearance; auto lending;  housing finance reform – and more.

“The Exchange is solutions-oriented and this year’s meeting was particularly vital as regulators and credit unions are simultaneously navigating the uncertainty of the COVID-19 pandemic while preparing for the future of the financial services marketplace,” said NASCUS President and CEO Lucy Ito. “During our convening, system stakeholders openly addressed issues impacting credit unions and their members and offered ideas to strengthen the industry going forward.”

Participants included state regulators from Connecticut, Florida, Georgia, Illinois, North Carolina, Texas, and Washington as well as credit union CEOs from Alliant, BECU, Colorado CU, Navy Federal CU, Pentagon Federal CU, SchoolsFirst Federal CU, State Employees’ CU, Suncoast CU, TruMark and Vystar. NASCUS’ Credit Union Advisory Council Chairman (TruMark CU) and Vice Chairman (Colorado CU) also attended along with representatives from American Institute of Certified Public Accountants (AICPA), Financial Accounting Standards Board (FASB), CU Direct as well as NASCUS CEO Lucy Ito and Executive Vice President and General Counsel Brian Knight.

Information Contact:
Shelton Roulhac, Vice President, Communications, sroulhac@nascus.org or (703) 528-5974

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.