PRESS RELEASE

July 18, 2007

D. Scott Parsons to Address State System Summit Attendees on Disaster Preparedness

ARLINGTON, Va. — NASCUS is pleased to announce that D. Scott Parsons, former U.S. Treasury Deputy Assistant Secretary, has joined the NASCUS State System Summit agenda as a general session speaker. Parsons will focus on the importance of public and private partnerships in homeland security and disaster recovery efforts.

In his role at the U.S. Treasury’s Office of Critical Infrastructure Protection and Compliance Policy, Parsons was responsible for protecting the critical physical and cyber infrastructures of the financial services sector. He also managed the Financial and Banking Information Infrastructure Committee (FBIIC), a coalition of federal financial regulators who work cooperatively in disaster recovery efforts. NASCUS is a member of FBIIC.

“Parsons will provide valuable perspective on how regulators and credit union executives should prepare for disasters, and how they can work together on the national, state and local levels,” said NASCUS President and CEO Mary Martha Fortney. “Parsons has an impressive background at the U.S. Treasury and within the finance and technology industries. He is a fantastic addition to our Summit agenda and we look forward to his remarks.”

Parsons will also present to state regulators during the Regulators Only Session on August 10. The NASCUS State System Summit is August 9-11, 2007 at the Harbor Beach Marriott in Fort Lauderdale, Florida. Attendees will hear from the credit union system’s most renowned experts on critical issues such as unrelated business income tax (UBIT), member business lending, the Bank Secrecy Act, information technology compliance and more. To see the full Summit agenda, visit http://www.nascus.org.

Information Contact:
Kate Hartig, Director of Communications, (703) 528-0669 or kate@nascus.org

The NASCUS mission is to enhance state credit union supervision and advocate a safe and sound state credit union system. Founded in 1965, NASCUS represents all 48 state and territorial credit union supervisors and the NASCUS Credit Union Advisory Council, which is made up of nearly 500 of the nation's more than 3,400 state-chartered credit unions.