National Association of State Credit Union Supervisors

The National Association of State Credit Union Supervisors (NASCUS) is an organization that was formed in 1965 to serve as the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation's state-chartered credit unions. NASCUS is the only organization dedicated to the defense and promotion of the dual-chartering system and the autonomy of the state credit union regulatory agencies. NASCUS membership is made up of state regulators, state-chartered credit unions, and other supporters of the state credit union system. The organization operates out of its headquarters in Arlington, Virginia,

NASCUS also represents the interests of state agencies before Congress and is the liaison to federal agencies, including the National Credit Union Administration (NCUA), Department of the Treasury (USDT) and Consumer Financial Protection Bureau (CFPB).

Organization[]

NASCUS' current president and chief executive officer, as of Nov. 3, 2014, is Lucy Ito.^[1] Ito formerly served as executive vice president and chief operations officer for the California and Nevada Credit Union Leagues. Ito replaced Mary Martha Fortney, who announced on Feb. 21, 2014, that she would retire from NASCUS on Dec. 31, 2014.^[2] NASCUS is governed by a board of directors, which consists of eight state credit union regulators--seven of whom are elected by the regulator membership and one of whom is appointed by the Chair of the Board.

NASCUS' credit union membership consists of state- and federally-chartered credit unions in the United States. credit unions. The membership is governed by the NASCUS Credit Union Advisory Council (CUAC)—a group of eight credit union executives—seven of whom are elected by the credit union membership and one of whom is appointed by the Chair of the CUAC. . The Credit Union Advisory Council works to protect state authority, promote regulatory innovation, and to promote diversity within the state-chartered system.^[3] Credit union members serve in an advisory capacity on some of NASCUS' standing committees.

As advisors to NASCUS, the NASCUS credit union members focus exclusively on advancing the dual-chartering system and representing the interests of state-chartered credit unions.

As a professional regulators organization, NASCUS is the primary resource and voice of the 45 state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. (Delaware, South Dakota, and Wyoming have no laws permitting state-chartered credit unions.) As advisors to NASCUS, NASCUS Credit Union members work to enhance the state credit union charter by partnering with NASCUS to protect state authority, promote regulatory innovation, and preserve diversity in the system.

NASCUS’ Associate members are credit union system organizations that support a strong, dual chartering framework.

See also[]

• National Association of Federal Credit Unions
• Credit Union National Association

References[]