PRESS RELEASE

FOR IMMEDIATE RELEASE

May 2, 2016

NASCUS CONGRATULATES NCUA CHAIRMAN METSGER

NASCUS has enjoyed a productive working relationship with Rick Metsger as NCUA Vice Chairman, and look forward to that continuing with Mr. Metsger as NCUA Chairman. With the announcement today of the President’s decision to name Mr. Metsger Chairman, we are confident that Chairman Metsger and Board Member McWatters will work together to provide leadership for the credit union system and continue the regulatory review and relief initiatives underway at NCUA.  Both Chairman Metsger and Board Member McWatters have consistently expressed their support for a robust dual charter system. 

Today, important issues lie before the credit union system, including FOM modernization for FCUs, equitable corrections to OTR, and supplemental capital reform for risk based capital. NASCUS, state regulators, and our state credit union members look forward to working with NCUA to ensure the credit union system remains safe, sound, and viable.

Information Contact:
Doug McGuckin, Vice President, Corporate Affairs, doug@nascus.org or (703) 528-0725

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.