PRESS RELEASE

June 16, 2016

NASCUS PRESIDENT AND CEO LUCY ITO
ON HENSARLING PROPOSAL FOR FIVE-MEMBER NCUA BOARD
IN CHOICE ACT

Will urge Chairman Hensarling to consider adding provision for state supervisory experience

“Increasing the size of the board from three to five members would enhance the board’s deliberative process, expand its collective expertise, and improve the efficient administration of NCUA business. And designating one of those seats for a candidate with state credit union supervisory experience would streamline supervisory coordination between state and federal regulators, minimize redundancies and overall strengthen the dual-chartering system. NASCUS will urge Chairman Hensarling to consider including the state supervisor provision in his proposal as it moves through the legislative process.”

 

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.