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CU System
NASCUS kicks off regional regulator meetings in California
SAN FRANCISCO (1/31/08)--Regulators from six states gathered in San Francisco Jan. 29 for the first in a series of National Association of State Credit Union Supervisors (NASCUS) Regional Regulator Meetings. Hosted by NASCUS and the California Department of Financial Institutions, the meeting addressed emerging regional and state-specific issues. The states represented at the meeting were California, Idaho, Nevada, Oregon and Utah. Attendees discussed examination and supervision issues, unrelated business income tax (UBIT), interstate branching, member business lending, examiner education and capital reform. “It’s very important for NASCUS to provide opportunities for regulators to exchange information and collaborate on ways to improve examination and supervision in our individual states and collectively across the country,” George Reynolds, NASCUS chairman and Georgia regulator, said. In its fifth year, this year’s series of NASCUS regulator meetings will continue in Boston, Feb. 8; Chicago, June 11; and Nashville, Tenn., Sept. 18. The state agencies in event locations are co-hosting the meetings. “NASCUS places great emphasis on ensuring the state regulatory system is constantly improving through innovation and best practice sharing,” said NASCUS President/CEO Mary Martha Fortney. “The regional regulator meetings and NASCUS’ other networking opportunities help the association achieve this goal and strengthen our focus on enhancing the safety and soundness of the state credit union system.”
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