PRESS RELEASE

February 27, 2008

Statement from NASCUS President and CEO Mary Martha Fortney on Report to the NCUA Board from the Outreach Task Force

ARLINGTON, VA. — The National Credit Union Administration (NCUA) Outreach Task Force (OTF) issued a report to the NCUA Board February 26. The OTF’s report responds to recommendations from NCUA’s Member Services Assessment Pilot Program and reviews the agency’s current role and efforts with respect to federal credit union service to members.

NASCUS President and CEO Mary Martha Fortney issued the following statements regarding the OTF report.

“The report of the Outreach Task Force, chaired by NCUA Board member Gigi Hyland, to the NCUA Board appears to be a thorough examination of the assessments and recommendations from its Member Services Assessment Pilot Program,” said Fortney. “NASCUS appreciates the OTF’s extensive research and proactive efforts to meet and dialogue with the credit union community throughout the project.”

“NASCUS and state regulators look forward to opportunities for further review and discussion of the report’s recommendations which may affect state-chartered, federally insured credit unions.”

NASCUS plans to discuss the report in meetings with NCUA Board members in conjunction with the Credit Union National Association’s Governmental Affairs Conference (GAC) next week and in April at the annual NASCUS/NCUA National Regulators Meeting.

NASCUS issued a report from its state data collection effort in December, 2007, the NASCUS Survey of the State Credit Union System, which can be downloaded from the NASCUS Web site at www.nascus.org.

NASCUS is the professional association of the 48 state and territorial agencies that charter, examine and regulate the nation’s more than 3,300 state-chartered credit unions.

Information Contact:
Kate Hartig, Director, Communications and Public Affairs, (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 3,300 state-chartered credit unions.