Illinois Governor Quinn Addresses NASCUS Summit on Role of Regulators and Credit Unions in Today's Economy
Sept. 15, 2011 - Illinois Gov. Pat Quinn addressed the NASCUS State System Summit in Chicago to an audience of state regulators, state-chartered credit unions and system leaders. In his remarks, Gov. Quinn complimented the credit union movement and also commended regulators for "keeping an eye on things."
This was Gov. Quinn's second visit to NASCUS' Summit; he addressed attendees in 2005 when he served as Illinois’ Lieutenant Governor. "It's important to have a regulatory system that is proper and safe," he emphasized to NASCUS attendees.
Gov. Quinn was sworn in as the 41st Governor of Illinois on Jan. 29, 2009. During his 25-year public service career, the Governor has made job creation, tax reform and consumer protection priorities for the state of Illinois. "Your gathering here today is special given this economic time in our country and the need for jobs," said Gov. Quinn. He added that credit unions are critical to the growth of the middle class. "Credit unions are the heart and soul of the middle class," said Gov. Quinn.
Illinois has 285 state-chartered credit unions—the largest number of state-chartered credit unions in the nation. Brent Adams, Secretary of the Illinois Department of Financial and Professional Regulation, Roxanne Nava, Director of Illinois Financial Institutions, as well as National Credit Union Administration (NCUA) Board member Michael Fryzel were on hand to greet the Governor at today’s NASCUS meeting. Representatives from the Illinois Credit Union League were also in attendance.
"NASCUS thanks Gov. Quinn for his thoughtful comments about regulation, the economy and the credit union system," said NASCUS President and CEO Mary Martha Fortney. "We are grateful for his time and most importantly his recognition of the importance of state regulation and the service of credit unions."