Mary Ellen O’Neill Retires from NASCUS Board

ARLINGTON, VIRGINIA – Following a lengthy public service career with the State of Connecticut, Financial Institutions Division (FID) and leadership on the National Association of State Credit Union Supervisors (NASCUS) Regulator Board of Directors, Mary Ellen O’Neill has announced her retirement at the end of June.

Ms. O’Neill has served as the Connecticut FID Division Director since 2004, following the merger of the Bank Examination Division and Credit Union Divisions. The FID has regulatory oversight of State banks and credit unions, international banks, trust banks, and uninsured banks chartered by the Connecticut Department of Banking.

For more than a decade, Ms. O’Neill has served on the NASCUS Board of Directors, including Treasurer and Vice-Chair, and the 2016-2018 position of Chair of the Regulator Board of Directors. Additionally, Ms. O’Neill represented NASCUS as a member of the Seniors Group of the Financial & Banking Information Infrastructure Committee (FBIIC), as well as serving on the Performance Standards Committee, Legislative and Regulatory Affairs Committee, and the Accreditation Audit Working Group Committee.

“Mary Ellen has not only provided years of outstanding service to the State of Connecticut, but she has also provided strategic leadership and valuable counsel to the health and resiliency of the state system,” stated Brian Knight, President and CEO of NASCUS. “She has played an instrumental role on our Board of Directors. We will miss Mary Ellen’s leadership and collaboration. I am deeply grateful for her friendship and contributions over the years.”

Ms. O’Neill has actively participated in the Connecticut Department of Banking’s efforts to attain accreditation with NASCUS and the Conference of State Bank Supervisors (CSBS). In 2019, the Department achieved a triple accreditation in the Banking, Credit Union, and Mortgage areas for the first time. The Department has been accredited with NASCUS since 1990.