PRESS RELEASE

FOR IMMEDIATE RELEASE

Jan. 12, 2016

CONTACT: Patrick Keefe, NASCUS Communications/(703) 528-5974; pkeefe@nascus.org

NASCUS PRESIDENT AND CEO LUCY ITO
ON J. MARK MCWATTERS' NOMINATION TO EX-IM BANK BOARD

'Expended considerable effort to bring greater transparency, accountability to NCUA Board'

"Mark McWatters expended considerable effort to bring greater transparency and accountability to the NCUA Board and to the agency generally during his tenure, which NASCUS applauds. Further, he worked to facilitate equitable acknowledgement of the needs of both federal and state charters, demonstrating recognition of the importance of the dual chartering system.  NASCUS thanks him for his service.  Going forward, NASCUS believes that the federal-state credit union regulatory partnership would be best served if one seat on the NCUA Board was designated for a member with state credit union regulatory experience, along with a board expanded to include five members."

Information Contact:
Patrick Keefe, Vice President, Communications, pkeefe@nascus.org or (703) 528-5974

The National Association of State Credit Union Supervisors (NASCUS) is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.