FOR IMMEDIATE RELEASE
August 18, 2021
NASCUS Summit Celebrates Innovation and Partnership
ARLINGTON, VA — Innovation is leading the way in this year’s NASCUS State System Summit (S3). With a diverse group of more than 115 attendees throughout the country, state regulators, credit unions, industry partners, and the media had an opportunity to learn about and openly discuss changes with the state system in an ever-changing world.
The highlight of the first day featured a presentation from NASCUS President and CEO Lucy Ito, where she announced the first-ever Dual Charter Resource Initiative (DCRI).
“I am happy to announce that CUNA Mutual, American Share Insurance, and PSCU have collectively pledged $270,000 to DCRI. This support allows for the updating and production of new resources to strengthen state charters across the country,” said Ms. Ito. “From statute modernization efforts, State Charter and Federal Charter analysis or a curated legislative digest, sponsors of the Dual Charter Resource Initiative are making our work possible.”
The first group of committed supporters has pledged the following amounts:
- CUNA Mutual Group is providing $50,000 over three years, totaling $150,000
- American Share Insurance (ASI) is committing $50,000 over two years, totaling $100,000
- PSCU is contributing $10,000 over two years, totaling $20,000
“We want to personally thank CUNA Mutual and ASI as Champion sponsors and PSCU as a Partner sponsor. All three of these early DCRI sponsors recognize that a robust dual charter system going forward will assure the continued dynamism of the U.S. credit union system.” Ms. Ito further stated.
In addition to the DCRI announcement, attendees virtually interacted with National Credit Union Administration (NCUA) Office of Examination and Insurance Director Myra Toeppe. This forum allowed attendees to pose real-life questions and offer solutions to the dynamic regulatory landscape.
Nationally recognized speaker and CUDoctor President Diane Reed delivered an engaging seminar on “Employment Trends: What is the New Reality?” coaching attendees on the ever-changing requirements within Human Resources hit hard by a pandemic.
Moving into its second day, the Summit will feature a multitude of core topics, including:
- “Economic Landscape: 2021 and Beyond”with Thomas Siems, Ph.D. the Conference of State Bank Supervisors (CSBS), Senior Economist and Director of Research. Dr. Siems’ data-driven research contributes to the development of sound financial services policy and supports the state system of financial regulation in a changing environment.
- “The Changing World of Real Estate and Mortgage Lending” with Tracy Ashfield, President of Ashfield & Associates. Since 2001, Tracy’s consulting work has benefited credit unions and their members. She has worked with the largest mortgage-granting credit unions to enhance their programs, and she has helped credit unions new to mortgage lending establish programs.
- “Appraisal Industry in Conflict: Implications for Credit Unions” with NCUA Deputy Director of the Office of Examination and Insurance, Tim Segerson and NASCUS Executive Vice President & General Counsel, Brian Knight.
- Segerson is responsible for overseeing the day-to-day operations of E&I and assisting the Director with the implementation of Agency-wide policy relating to examination, supervision and insurance, and guaranty fund risk management.
- Knight oversees NASCUS’ legislative and regulatory analysis, policy development, advocacy, and compliance guidance. Additionally, Knight has extensive legislative and regulatory knowledge of the state and federal credit union systems.
“Our Summit is unique in bringing together credit union regulators and practitioners for open dialogue and mutual exchange,” commented Lucy Ito, NASCUS President and CEO. “This year, we’ve developed a program aimed at maximizing attendee engagement, generating creative problem solving, and supporting nationwide interaction to bolster and grow the state system for years to come.
For more information on the S3, State System Summit, or the Dual Resource Charter Initiative, visit NASCUS.org. To participate in DCRI, contact Alicia Valencia Erb at firstname.lastname@example.org.
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