PRESS RELEASE

STATEMENT BY LUCY ITO
NASCUS PRESIDENT AND CEO
ON J. MARK MCWATTERS NAMED ACTING NCUA BOARD CHAIRMAN

Mark McWatters is a welcome choice for the state system to lead the NCUA Board as acting chairman. He has displayed an intricate knowledge of the law and regulations affecting credit unions, as well as the ever-more complex accounting rules they must follow. During the period when Rick Metsger was chairman, he worked closely with him in a show of solidarity and cooperation, that we think benefited the entire credit union system. Our thanks to former Chairman Metsger for his leadership of the agency – and we look forward to continue working with him as a continuing member of the board.

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.