PRESS RELEASE
June 6, 2008
ARLINGTON, Va. — In response to increasing regulatory emphasis on corporate governance and a focus on the manner in which directors carry out their responsibilities, NASCUS announces its series of Directors Colleges led by renowned former and current regulator faculty from across the nation.
The events will enhance directors’ knowledge of essential safety and soundness regulations as well as advance director expertise in critical credit union operational areas. The series of one-day NASCUS Directors Colleges will begin on August 20 in Seattle, Washington and September 24 in Detroit, Michigan.
“As credit unions become more complex, regulators and examiners report a growing need for enhanced expertise at the board and committee level,” said NASCUS President and CEO Mary Martha Fortney. “Our goal, beyond education, is to begin a forum for board/CEO/regulator interaction that can only benefit the credit union industry.”
Former National Credit Union Administration (NCUA) Chairman Dennis Dollar will kick off both events with a session on director roles and responsibilities. Linda Jekel, director of the Washington Credit Union Division, along with the Washington agency’s Program Director Mike Delimont will detail the regulator and examiner expectations of a director at the August 20 event in Seattle.
Deputy Commissioner Roger Little and Assistant Director John Kolhoff of the Credit Union Division of the Michigan Office of Financial & Insurance Regulation will detail regulatory expectations at the Directors College in Detroit. Both events are open to attendees nationwide. Sessions also include an overview of essential safety and soundness regulations and the critical elements of compliance. The content of these sessions is Board specific, but NASCUS encourages CEOs to attend as well.
NASCUS is in the preliminary stages of planning similar educational events in other states. Look for more information at www.nascus.org.
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.
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