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News Now

CU System
Fortney retiring from NASCUS after 21 years
ARLINGTON, Va. (2/24/14)--After more than 21 years with the National Association of State Credit Union Supervisors (NASCUS)--11 as president/CEO--Mary Martha Fortney is retiring.
 
She joined NASCUS in 1993 as director of accreditation and communications, where she was responsible for the NASCUS state accreditation program and for NASCUS written communications.
 
During Fortney's tenure, NASCUS became a known voice in Washington, D.C. The association now routinely works with the other financial regulators and policymakers to reshape regulation.
 
Fortney was an early advocate for responsible charter advancements in secondary capital, expanded and diversified fields of membership, business lending, protecting credit union unrelated business tax exemption (UBIT), and protecting state authority. 
 
"NASCUS, state regulators and state credit union officials are appreciative of Mary Martha's tireless efforts on behalf of the dual charter during her tenure.  She has led NASCUS through an important period of credit union history and positioned NASCUS to continue to evolve with the industry as we look forward to the future," said Catherine Tierney, advisory council chair.
 
Fortney's career will be honored at the 2014 NASCUS Annual State System Summit Sept. 10-12 in Nashville, Tenn.
 
The NASCUS board and advisory council have started the search process for the next CEO, who is expected to be announced during the fourth quarter of this year.


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