Past NASCUS Chairman Retiring from State Service

April 28, 2010 — Immediate Past NASCUS Chairman George Reynolds, a 34-year state regulator veteran, retired from the Georgia Department of Banking and Finance effective May 1.

His current role is Senior Deputy Commissioner; he started his career at the agency as an examiner in 1979. He has held various roles in the agency including district director, deputy commissioner and senior deputy commissioner. Reynolds has been active in NASCUS for many years, having served as Chairman, Board member and Committee Chairman, as well as a member of the NASCUS Accreditation Review Teams.

During his NASCUS chairmanship from 2007-2009, Reynolds was instrumental in developing the first regional interstate branching agreement for states in the Southeast. He also championed many NASCUS initiatives including supplemental capital for credit unions and protection against federal preemption. Reynolds testified before the House Financial Services Committee and the Senate Banking Committee several times during his tenure as Chairman and Board member.

"George is truly a professional," said NASCUS President and CEO Mary Martha Fortney. "NASCUS and state regulators will miss his knowledgeable and thoughtful perspective and his invaluable contributions to our organization. We are grateful for George's dedication to the state credit union system over the years and wish him well in his retirement."