PRESS RELEASE


January 29, 2013 – For immediate release

NASCUS Elects New Board Officers; Georgia Regulator Appointed

Arlington, Va. – The NASCUS Board of Directors recently elected two new officers. John Kolhoff, Deputy Commissioner for Credit Unions for the Michigan Office of Financial and Insurance Regulation, was elected Chairman-Elect and Michael Wettrich, Deputy Superintendent for Credit Unions, Ohio Division of Financial Institutions was elected Secretary-Treasurer.

Kolhoff has held various positions with the Michigan agency since 1994, has served on the NASCUS Board since May 2011, and is an active member of NASCUS, currently serving as chairman of NASCUS' National Institute for State Credit Union Examination (NISCUE). Wettrich has nearly 20 years of service with the State of Ohio, including over twelve years with the Division of Financial Institutions. Wettrich has served on the NASCUS Board since February 2011.

"John and Mike are respected, long-time members of NASCUS and the state regulatory community, and we are grateful for their commitment to NASCUS," said NASCUS President and CEO Mary Martha Fortney. "We congratulate them both in their new leadership positions and look forward to the continued benefit of their informed perspectives and guidance on issues impacting the state credit union system."

Chairman Orla Beth Peck (UT) also appointed Georgia regulator Stephen S. Pleger to the NASCUS Board to fill an unexpired term. Pleger currently serves as Senior Deputy Commissioner for the Georgia Department of Banking and Finance, a position he has held since May 2010.

“NASCUS is pleased to welcome Steve to the NASCUS Board of Directors, an exemplary group of state regulators who continue to successfully guide NASCUS' strategic direction,” said NASCUS Chairman Peck, the supervisor of credit unions for the Utah Department of Financial Institutions. “We are grateful to have his depth of state regulatory experience on the NASCUS Board.”

Pleger is filling the unexpired term ending in September that was previously held by Linda Charity, Director of the Florida Division of Financial Institutions who has left the agency.

"We extend deep appreciation and thanks to Linda and are grateful for her long-time service and commitment to NASCUS and the state regulatory community. A respected veteran of state financial regulation, we wish her the very best," said Fortney. "We extend our thanks for the time and energy she contributed to NASCUS, " she added.

To see the full list of the NASCUS Board of Directors, follow this link.

Information Contact:
Jenny Champagne, VP Regulatory Development and Government Relations, jenny@nascus.org or (703) 528-5974

The NASCUS mission is to enhance state credit union supervision and advocate a safe and sound state credit union system.