Kolhoff Appointed to NASCUS Performance Standards Committee
March 18, 2015 – John Kolhoff, director of the Michigan Department of Insurance and Financial Services (DIFS) Office of Credit Unions and an active member of the National Association of State Credit Union Supervisors (NASCUS), has been appointed to the NASCUS Performance Standards Committee (PSC).
Kolhoff replaces Thomas Candon, former deputy commissioner of banking for the Vermont Department of Financial Regulation and longtime NASCUS member, who left state service late last year.
The PSC is a standing committee responsible for administering the NASCUS Accreditation Program. Launched in 1987 and modeled on the university accreditation concept, the program administers and assures quality standards of states’ credit union examination and supervision programs and applies national standards of performance to state credit union regulatory programs. The accreditation process includes disciplined self-evaluation, peer review and ongoing monitoring.
State agency accreditation is subject to renewal every five years. Eighty percent of state-chartered credit union assets (about $120.6 billion) are supervised by 26 NASCUS-accredited state agencies.
Kolhoff has held various positions with the Michigan DIFS since 1994, and served on the NASCUS Board from 2011-2014. He joins the current five members of the PSC who are: PSC Chairman Pat Murphy, acting assistant commissioner for the Tennessee Department of Financial Institutions; PSC Vice Chairman Tamilee Smull, manager of the Arizona Department of Financial Institutions Credit Union Division; Harold Feeney, commissioner of the Texas Credit Union Department; Gavin Gee, director of the Idaho Department of Finance; and Mark Powell, credit union supervisor at the Indiana Department of Financial Institutions.