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NEW: Fortney announces retirement from NASCUS
ARLINGTON, Va. (2/21/14 Updated 11:30 a.m. ET)--President/CEO Mary Martha Fortney will retire after 21 years with the National Association of State Credit Union Supervisors (NASCUS).

Fortney has been president/CEO for the past 11 years. She joined NASCUS as director of accreditation and communications, where she was responsible for the NASCUS state accreditation program and for NASCUS written communications. 

Fortney was instrumental in moving the association forward in its efforts to promote and ensure the viability of the state credit union system, said today's press release.

Board Chair John Kolhoff recognized Fortney's leadership "over a challenging period for both the regulators and the industry." He added, "Through this period of significant change she has been a leader in establishing strong dialogue amongst federal and state regulators and the institutions they supervise." 

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 begun the search process for the next CEO. Fortney's replacement is expected to be named during the fourth quarter of 2014.


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