JULY 20, 2022
ARLINGTON, VIRGINIA, — The National Association of State Credit Union Supervisors (NASCUS) is proud to announce that Denice Schultheiss, Director of the Michigan Office of Credit Unions, has been appointed to the NASCUS Regulator Board of Directors.
“NASCUS is dedicated to advancing a cooperative credit union system through regulator and credit union collaboration. I am honored to expand my role with NASCUS and serve on the Board alongside a group of highly respected state regulators,” commented Ms. Schultheiss. “Credit unions are very important to Michigan’s consumers and our economy, and I am happy to serve in this role for NASCUS, continuing Michigan’s long-standing participation and leadership in the state credit union system nationwide.”
In addition to her role within the Michigan Department of Insurance and Financial Services ( DIFS ), Ms. Schultheiss is the Chair of the NASCUS Legislative and Regulatory Affairs Committee and has served on several national workgroups, including,
- NASCUS Accreditation Review Team
- NASCUS Audit Committee
- National Credit Union Administration (NCUA) Split Dollar Task Force,
“On behalf of the NASCUS leadership and team, we are pleased to see Denice expand her role within the organization. Denice’s vast industry expertise and insight help strengthen NASCUS’s vision and focus on priorities most important to regulators and the credit union industry,” stated Brian Knight, President and CEO of NASCUS. “Her deep experience in regulatory oversight is invaluable to our mission to forge a vibrant dual charter system by promoting a relevant, growth-oriented, and healthy state charter option.”
“Denice has worked diligently for the Office of Credit Unions for over 25 years, and her appointment to the NASCUS Board of Directors will ensure Michigan continues to serve in a leadership role on national issues impacting the credit union industry,” said DIFS Director Anita Fox. “Her exemplary work and decades of dedication to effective credit union regulation make her an excellent choice to serve on the board.”
Ms. Schultheiss joined the Michigan Department in 1996. In her current role, she manages regulatory oversight of the 130 state-chartered financial institutions with assets greater than $79.4B for 4.8M credit union members and contributes to developing internal and examination policies, procedures, and industry issuances.
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