The National Association of State Credit Union Supervisors (NASCUS) created the Pierre Jay Award to recognize individuals, programs, and/or organizations whose contributions have benefited the state credit union system in a significant way. This award honors those who have demonstrated outstanding service, leadership, and commitment to NASCUS and the state system. This distinction is NASCUS’s highest honor in recognizing champions of the state credit union system.
Eligibility, Criteria, and Nomination Process
Any person, program, or organization whose contributions have significantly benefitted the state credit union system.
- Proven contributions that have benefited the state credit union system significantly
- Proven demonstration of service, leadership, and commitment to the state system and/or NASCUS
Candidates may be nominated for a singular achievement or for activities spanning the course of their careers.
Complete & Submit A Nomination Form Here or visit NASCUS.org for more information.
Nomination Closing Date: July 24, 2022
For more information or questions, please contact NASCUS President/CEO Brian Knight.
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About the Award
First presented in 1997, the Pierre Jay Award is named for the first Commissioner of Banks in Massachusetts, Pierre Jay. He learned of the cooperative credit union movement in Milan, Italy, and quickly embraced the concept. Working with philanthropist and credit union pioneer Edward Filene of Boston, Jay championed credit union development in the United States.
NASCUS members may submit nominations for the Pierre Jay for individuals and organizations that have demonstrated extraordinary commitment and dedication to the credit union system and/or to NASCUS.
NASCUS’ Pierre Jay Award Committee reviews nominations and a winner(s) are announced during NASCUS’s annual State System Summit (S3).
View List Of Previous Winners Here
(April 23, 2021) Pierre Jay Awards winners — Patty Idol, Sarah Vega and Kim Santos (pictured from left to right in the collage below) — were recognized Thursday for winning the 2020-2021 awards, which are the highest honors bestowed by NASCUS for persons or entities demonstrating service, commitment and leadership to the state system. The virtual presentation featured testimonials from friends, colleagues and family members in honoring the winners (see photos below). See the link below to watch the recording of the event.
LINK:
Watch the video of the Pierre Jay Awards Celebration
(April 9, 2021) It’s now just about two weeks until the 2021 Pierre Jay Awards will be presented to three members of the state credit union system being honored for their contributions – and you still have time to sign up to participate.
The virtual presentation ceremony gets underway at 2 p.m. ET; there is no charge for attending the event, although registration is required.
Three leaders of the state system — Patty Idol, Kim Santos and Sarah Vega — are being recognized for the 2021 awards, which are the highest honors bestowed by NASCUS for persons or entities demonstrating service, commitment and leadership to the state system.
Idol is the former president and CEO of Mountain Credit Union in Waynesville, N.C. Santos is director of the Office of Credit Unions (OCU) at the Wisconsin Department of Financial Institutions in Madison, Wis. Vega is the former chief of staff to former NCUA Board Chairman Mark McWatters, where she also served as a senior policy advisor. She also previously served as chief of staff to former NCUA Board Chairman Michael Fryzel.
For more information, including registration for the April 22 event, see the link below.
LINK:
Registration: Pierre Jay Awards April 22 presentations, registration
(March 26, 2021) Today is the effective date of NCUA’s new rule on joint ownership share accounts, which essentially permits the use of records other than signed membership cards or account signature cards as evidence that a jointly owned account qualifies for share insurance coverage apart from individually owned accounts. The final rule was approved by the NCUA Board at its February meeting … A new version (for this Congress) of the “Secure and Fair Enforcement Banking Act” (SAFE Banking Act, H.R. 1996) – which aims to provide protections for financial institutions serving cannabis-based businesses where it is legal – was introduced March 18 in the House by Reps. Ed Perlmutter (D-Colo.), Nydia Velazquez (D-N.Y.), Steve Stivers (R-Ohio) and Warren Davidson (R-Ohio). The legislation is similar to bills introduced (and which passed the House in 2019), but yet to become law, in previous Congresses … A Senate vote Thursday sent a bill extending the Paycheck Protection Program (PPP) to May 31 to President Joe Biden for his signature; the bill had previously been approved by the House. The Paycheck Protection Program Extension Act (H.R. 1799) would allow loan applications to the program—currently set to expire on March 31—for two more months and give the Small Business Administration (SBA) 30 additional days to process loan applications made by the new May 31 deadline … An April 14 webinar on BSA/AML compliance has been scheduled by NCUA, to provide updates on recently issued BSA statements, actions for managing high-risk accounts and highlights of the 2020 Anti-Money Laundering Act. The webinar is slated to start at 2 p.m. ET and last about an hour. (NASCUS and CUNA jointly host an annual BSA/AML compliance conference, scheduled again this year for the coming fall.) … Mark your calendars for the April 22 Pierre Jay Awards 2021 virtual presentation ceremony, getting underway at 2 p.m. ET. There is no charge for attending the event, although registration is required. Three leaders of the state system — Patty Idol, Kim Santos and Sarah Vega — are being recognized for the 2021 awards, which are the highest honors bestowed by NASCUS for persons or entities demonstrating service, commitment and leadership to the state system.
LINKS:
Joint Ownership Share Accounts (final rule)
NASCUS summary: Joint Ownership Share Accounts (members only)
PPP Extension Act of 2021 (H.R. 1799)
Registration Now Open for April 14 Webinar on BSA/AML Compliance
Registration: Pierre Jay Awards April 22 presentations, registration
(March 19, 2021) Mark your calendars for the April 22 Pierre Jay Awards 2021 virtual presentation ceremony, getting underway at 2 p.m. ET. There is no charge for attending the event, although registration is required.
Three leaders of the state system — Patty Idol, Kim Santos and Sarah Vega — are being recognized for the 2021 awards, which are the highest honors bestowed by NASCUS for persons or entities demonstrating service, commitment and leadership to the state system.
“We will recognize their tremendous dedication and contributions to the state credit union system, as told to us by their peers, friends and family,” said NASCUS’ Lucy Ito. “We urge NASCUS members and all those in the state system to participate and learn more about our award winners’ amazing accomplishments and personal impact on our industry.”
Idol is the former president and CEO of Mountain Credit Union in Waynesville, N.C., where she began her career as a branch manager. Over 35 years, she rose through the ranks at the credit union and in the credit union system, becoming chair of the NASCUS Credit Union Advisory Council, chair of the Carolinas Credit Union League (CCUL) Board and president of the Western Chapter of CCUL
Santos is director of the Office of Credit Unions (OCU) at the Wisconsin Department of Financial Institutions in Madison, Wis., where in 1992 she began her career as a credit union examiner. Since 2013, she has supervised the 118 state-chartered credit unions in her state as director of the OCU.
Vega is the former chief of staff to former NCUA Board Chairman Mark McWatters, where she also served as a senior policy advisor. She also previously served as chief of staff to former NCUA Board Chairman Michael Fryzel – and has the distinction of being the only person to have served as top staffer to two NCUA Board chairmen. She is the former director of the Illinois Division of Financial Institutions, a role in which she also served as chairman of the NASCUS Regulator Board.
For more information, including registration for the April 22 event, see the link below.
LINK:
Registration: Pierre Jay Awards April 22 presentations, registration
(Feb. 26, 2021) Honorees of the 2020-2021 Pierre Jay Awards – the highest honors bestowed by NASCUS for persons or entities demonstrating service, commitment and leadership to the state system – are Patty Idol, Kim Santos and Sarah Vega, the association announced this week.
“We celebrate their accomplishments to recognize their contributions and inspire others to achieve collaborative greatness,” said NASCUS President and CEO, Lucy Ito. “The selection committee, NASCUS leadership and I are proud to honor each one of them as a Pierre Jay Award recipient.”
Idol is the former president and CEO of Mountain Credit Union in Waynesville, N.C., where she began her career as a branch manager. Over 35 years, she rose through the ranks at the credit union and in the credit union system, becoming chair of the NASCUS Credit Union Advisory Council, chair of the Carolinas Credit Union League (CCUL) Board and president of the Western Chapter of CCUL. She also served on the NASCUS Education Committee and as a trustee of the National Institute of State Credit Union Examination (NISCUE) which is NASCUS’ education foundation benefiting state credit union examiners and regulators. Idol, together with award honoree Kim Santos, was instrumental in guiding NISCUE to make funds available for training beyond NASCUS’ offerings.
Santos is director ofthe Office of Credit Unions (OCU) at the Wisconsin Department of Financial Institutions in Madison, Wis., where in 1992 she began her career as a credit union examiner. Since 2013, she has supervised the 118 state-chartered credit unions in her state as director of the OCU. She has served the state system at large through NASCUS as an association leader, including as a member of the NASCUS Regulator Board, the association’s Legislative and Regulatory Committee, as the Chairman of the NASCUS Audit Committee, a member of the Joint NCUA-SSA Supervisory Working Group, and as a trustee of NISCUE
Vega is the former chief of staff to former NCUA Board Chairman Mark McWatters, where she also served as a senior policy advisor. She also previously served as chief of staff to former NCUA Board Chairman Michael Fryzel – and has the distinction of being the only person to have served as top staffer to two NCUA Board chairmen. She is the former director of the Illinois Division of Financial Institutions, a role in which she also served as chairman of the NASCUS Regulator Board. Vega was one of the first state agency heads to form an industry advisory body in establishing the Governor’s Advisory Board, a group of credit union advisors that provides feedback to the Illinois regulatory agency and listens to the needs and concerns of credit unions in the state. She was instrumental in modernizing the Credit Union Act in Illinois to reflect the changing landscape of financial services. During her chairmanship at NASCUS, Vega led the state system through its work with NCUA to develop both the Prompt Corrective Action (PCA) and the Member Business Lending (MBL) rules as required by the Congress’ passage of H.R. 1151.
The three will be honored in a virtual recognition ceremony set for April 22. They were chosen by a panel of state system representatives (from both state supervisory agencies and credit unions).
First presented in 1997, the Pierre Jay Awards commemorate the first Commissioner of Banks in Massachusetts — Pierre Jay — who was also the first-ever credit union regulator in the United States. Working with philanthropist and credit union pioneer Edward Filene of Boston, Jay went on to champion credit union development in the United States. Through Jay’s perseverance and service, he is widely acknowledged as having profoundly shaped credit union history.
NASCUS members annually may nominate for the award an individual or organization/committee that shows outstanding commitment and dedication to the state credit union system. Nominations are reviewed by NASCUS’ Pierre Jay Award Committee, and a winner is selected based on specific judging criteria.
LINK:
NASCUS Pierre Jay Award
(Dec. 23, 2020) NASCUS 2021 membership invoices
NASCUS credit union and associate members were sent their 2021 membership renewal invoices Tuesday from [email protected]. Please contact NASCUS member relations staff if you did not receive an invoice. In advance, thank you for your continued membership. We look forward to tackling the new year together in 2021. Together, we can do this.
CU Campus 365: Be your credit union’s compliance training hero.
NASCUS credit union members get great pricing for the new member benefit. CU Campus 365, the new compliance training program, launched last month. With the latest in courseware and the BAI Learning Manager, a learning management system (LMS) specifically designed to meet the demands of the financial services industry, credit unions have the tools they need to minimize compliance risk and increase employee development. The alliance, called CU Campus 365, delivers effective and re-imagined learning to your credit union staff and directors to use anytime, anywhere, using a sophisticated LMS. For a review of the benefits of CU Campus 365, visit us here.
CU Campus 365’s course libraries offer more than 530 compliance courses that cover more than 55 regulations and are updated constantly to align with the latest regulations plus more than 140 professional skills courses to build your employees’ career growth and development.
NASCUS invites you to experience the benefits of CU Campus 365. To learn more about CU Campus 365’s powerful training solutions, complete this form or email us at [email protected].
Pierre Jay Award Nominations
Nominations for the NASCUS 2020 Pierre Jay Award – which recognizes the individuals, programs or organizations whose contributions have benefited the state credit union system in a significant way – are due Dec. 31. The award honors those who have demonstrated outstanding service, leadership and commitment to NASCUS and the state system; it will be presented during a virtual event in the first quarter of 2021. NASCUS members may nominate any person, program, or organization who or that has made a significant contribution to the state credit union system. Nominees can include individuals, programs or organizations to be nominated include credit union organizations, volunteers (including committee members), staff members, or chief staff executives; and, state/federal organizations, state/federal lawmakers, state/federal regulators, or others. See the link below to submit a nomination.
LINK:
Pierre Jay Award: Details, nomination form
(Dec. 4, 2020) Nominations for the NASCUS 2020 Pierre Jay Award – which recognizes the individuals, programs or organizations whose contributions have benefited the state credit union system in a significant way – are due Dec. 31. The award honors those who have demonstrated outstanding service, leadership and commitment to NASCUS and the state system. The award will be conferred during a virtual event in the first quarter of 2021. NASCUS members may nominate any person, program, or organization who or that has made a significant contribution to the state credit union system is eligible to be nominated. Nominees do not necessarily need to be affiliated with NASCUS. Examples of individuals, programs or organizations to be nominated include credit union organizations, volunteers (including committee members), staff members, or chief staff executives; and, state/federal organizations, state/federal lawmakers, state/federal regulators, or others. See the link below to submit a nomination.
LINK:
Pierre Jay Award: Details, nomination form
(Nov. 25, 2020) Nominations for the NASCUS 2020 Pierre Jay Award – which recognizes the individuals, programs or organizations whose contributions have benefited the state credit union system in a significant way – are due Dec. 31,.
The award will be conferred during a virtual event in the first quarter of 2021.
Honoring those who have demonstrated outstanding service, leadership and commitment to NASCUS and the state system, the Pierre Jay Award was first conferred in 1997 and has been presented to an individual nearly annually since then. It honors the first Commissioner of Banks in Massachusetts, Pierre Jay. The 2019 winner was Mary Hughes, formerdirector, Idaho Department of Finance.
NASCUS members may nominate any person, program, or organization who or that has made a significant contribution to the state credit union system is eligible to be nominated. Nominees do not necessarily need to be affiliated with NASCUS. Examples of individuals, programs or organizations to be nominated include credit union organizations, volunteers (including committee members), staff members, or chief staff executives; and, state/federal organizations, state/federal lawmakers, state/federal regulators, or others.