Pressroom | NASCUS


For press inquiries or more information about NASCUS, contact NASCUS' Communications Department at (703) 528-5974.

Press Releases 2019


May 16, 2019
Lucy Ito on Hood testimony in House, May 16, '19

May 15, 2019
Lucy Ito on Hood testimony in Senate, May 15, '19

Feb. 14, 2019
NASCUS carefully reviewing the NCUA supervisory committee audits proposed rule

Feb. 14, 2019
Lucy Ito on the nomination hearing for NCUA Board Member Nominees, Todd Harper and Rodney Hood, and director of FHFA Director Nominee, Mark Calabria

Feb. 13, 2019
NASCUS encouraged by the House Financial Services subcommittee on consumer protection and financial institution’s cannabis banking hearing

Feb. 6, 2019
NASCUS welcomes Alliant Credit Union as its newest member

Feb. 4, 2019
Harper congratulated on pending nomination to NCUA Board

Jan. 28, 2019
NASCUS welcomes Navy Federal as its first federal credit union member

Jan. 24, 2019
NASCUS summarizes concerns about the NCUA fidelity bond rule

Jan. 17, 2019
NASCUS President & CEO Lucy Ito on the NCUA Board approving IL DFPR MBL rule 

Jan. 14, 2019
NASCUS President and CEO Lucy Ito thanks Bryan Schneider
For his service to NASCUS and the state credit union system

Press Releases 2018

Dec. 13, 2018

NASCUS President and CEO Lucy Ito on the NCUA Regulatory Reform Task Force Report

Dec. 12, 2018
State Regulators, NCUA launching alternating exam pilot program Jan. 1

Nov. 15, 2018
NASCUS President And Ceo Lucy Ito on NCUA’s 2019-2020 budget and proposed rule, Parts 704 and 713, fidelity bonds

Oct. 18, 2018
NASCUS President and CEO Lucy Ito on NCUA’S new supplemental risk-based capital rule

Oct. 2, 1018
NASCUS President and CEO Lucy Ito on testimony of NCUA Chairman J. Mark McWatters
before the Senate Banking Committee

Sept. 26, 2018
NASCUS President and CEO Lucy Ito on NCUA’S 2019 – 2020 budget proposal

Sept. 25, 2018
NASCUS leadership educate lawmakers on the state-chartered system

Sept. 20, 2018
NASCUS President and CEO Lucy Ito on NCUA’s appraisal rule proposal

Sept. 13, 2018
Michigan joins interstate branching agreement with 11 more states

Sept. 13, 2018
NASCUS opposition to HR 6743, The Consumer Information Notification Requirement Act 

Sept. 7, 2018
Support voiced for risk-based capital rule delay and a supplemental capital rule

Aug. 2, 2018
NASCUS President and CEO Lucy Ito on NCUA’s new risk-based capital proposal

July 18, 2018
NASCUS Regulator Board and Credit Union Advisory Council members seated

July 5, 2018
McDaniel, Vega named 2018 NASCUS Pierre Jay Award recipients

June 21, 2018
Comments on new mergers rule, ESM plans by NASCUS's Lucy Ito

June 18, 2018
NASCUS CEO Ito congratulates Hood on his nomination by the president to NCUA board

Feb. 23, 2018
NASCUS Welcomes New Board and Advisory Committee Members

Press Releases 2017

Nov. 16, 2017
Overhead Transfer Rate (OTR) win for state CU system; 20-year debate resolved ‘at long last’ for 2018 and beyond

Sept. 20, 2017
Leadership empaneled for 2017-18

Aug. 15, 2017
Terry West named Pierre Jay Award honoree for 2017

July 18, 2017
New member relations VP joins NASCUS

June 23, 2017
Ito statement on proposed OTR methodology

June 12, 2017
Nominations open for 2017 NASCUS Pierre Jay Award

June 8, 2017
South Carolina joins 10 other states in interstate branching agreement

May 25, 2017
Lucy Ito on NCUA proposal concerning mergers, input from states

May 16, 2017
Wisconsin earns reaccreditation; 4th time since 2001

May 9, 2017
Comment letter calls alt. capital proposal 'right thing to do'

April 20, 2017
NASCUS backs call for advisory council to NCUA

Feb. 7, 2017
NASCUS outlines areas of teamwork for new NCUA leader

Feb. 6, 2017
KY, OH CU regulators earn reaccreditation

Jan. 26, 2017
Lucy Ito on J. Mark McWatters named acting NCUA Board chairman

Jan. 19, 2017
Lucy Ito on NCUA Board issuing 'alternative capital' proposal

Jan. 5, 2017
Illinois' Schneider appointed to NASCUS Board (and other election results)


Press Releases 2016


Nov. 16, 2016
Lucy Ito comments, NCUA briefing/setting of overhead transfer rate (OTR) for 2017

Oct. 27, 2016
Lucy Ito comments to NCUA Board briefing, 2017-18 agency budgets

Oct. 27, 2016
Ito on supplemental capital, tax status for SCUs

Sept. 13, 2016
Ito on HSFC adoption of credit union provisions in the CHOICE Act (HR 5983)

Sept. 8, 2016
Texas signs interstate branching agreements with 17 other states

Aug. 10, 2016
Texas regulator earns reaccreditation from NASCUS

July 25, 2016
Clarification sought for incentive-based compensation plan rule

July 19, 2016
Kansas agency earns reaccreditation – for fourth time – from NASCUS

July 18, 2016
Ito on intro of HR 5869, requiring transparency for overhead transfer rate

July 14, 2016
Letter to House FSC leaders on 5-member NCUA Board

June 16, 2016
Ito on Hensarling proposal for 5-member NCUA Board

June 14, 2016
Ito: aim for earlier – not later – adoption of ‘S’ in CAMEL

June 2, 2016
Speakers for 2016 Cybersecurity Symposium detailed

May 12, 2016
Regulators, state CUs welcome exam cycle review initiated by NCUA's Metsger

May 2, 2016
NASCUS Congratulates Chairman Metsger

April 26, 2016
'Severely flawed' OTR threatens dual-chartering system

March 24, 2016
Lucy Ito on NCUA focus for new IT management systems at agency

March 22, 2016
EGRPRA comment makes 13 recommendations in six areas

March 17, 2016
MBL School focuses on new 'principle-based' reg for state examiners, CU

March 9, 2016
Lucy Ito on Chairman Matz' retirement from NCUA Board

Feb. 18, 2016
Lucy Ito on final MBL rule adopted by NCUA Board

Feb. 17, 2016
3RD annual Cybersecurity Symposium agenda taking form

Feb. 16, 2016
Video urges comments on overhead transfer rate (OTR)

Feb. 4, 2016
Chart illustrates inequity in OTR funding

Feb. 1, 2016
ID, VT regulators approved for reaccreditation

Jan. 21, 2016
Lucy Ito on OTR issued for notice, comment

Jan. 12, 2016
Ito on J. Mark McWatters' nomination to EX-IM Bank Board

Press Releases 2015

Dec. 21, 2015
Nichole Seabron joins NASCUS as VP, legislative/regulatory counsel

Dec. 9, 2015
Ito on NCUA Budget Transparency Act (HR 2287) to House floor

Nov. 19, 2015
Ito comment on OTR increase for 2016 to 73.14%

Nov. 12, 2015

Nov. 16-18 conference takes deep dive on BSA

Oct. 29, 2015
Two elected, one appointed to NASCUS Board; CU Council directors re-elected

Oct. 27, 2015
2015 Pierre Jay Award honoree is Tom Candon

Oct. 15, 2015
Ito comment on potential for supplemental capital rule from NCUA

Sept. 23, 2015
Agenda for 2015 Summit features key speakers, breakouts, dialogs

Sept. 22, 2015
Comment letter on EGRPRA urges changing format of NCUA rule

Sept. 15, 2015
CT program takes in-depth look at cybersecurity

Sept. 9, 2015
Comment letter on MBL proposal recognizes FISCUs, health of system

Aug. 26, 2015
Cybersecurity Symposium puts key issues on table (wrap up)

Aug. 20, 2015
Illinois signs NASCUS-inspired interstate branch agreements

Aug. 19, 2015

Nearly 20 speakers over three days at Summit to inform state CU system

Aug. 10, 2015
'Detailed explanation' sought over NCUA refusal on OTR

Aug. 4, 2015
NCUA should consolidate rules for FISCUs to reduce reg burden

Aug. 3, 2015
Ito on NCUA GC review of OTR legal analysis

July 31, 2015
3 schools in 3 states highlight September education calendar

July 27, 2015
2011 report gives weight for need for 'notice and comment' on OTR

July 24, 2015

Ito on NCUA budget reprogramming

July 22, 2015

In letter to subcommittee, inequitable impact' of NCUA funding, exam cycles targeted

July 22, 2015

Video details how 'overhead transfer rate' works

July 15, 2015

Marijuana business banking access bill in Senate supported

July 7, 2015
Effective date of mortgage disclosure rule should be no earlier than Oct. 3

July 7, 2015
Ito on GAO study, re: NCUA exams of 3rd parties

June 30, 2015
Ito on proposed cybersecurity assessment tool

June 29, 2015

Agenda set for Cybersecurity Symposium, Aug. 24-25

June 25, 2015
Ito on Matz remarks regarding supplemental capital in RBC rule

June 25, 2015
NASCUS voices ‘strong support’ for senators’ NCUA budget transparency act

June 23, 2015
Legal analysis: OTR subject to 'notice, comment'

June 18, 2015
Ito statement on NCUA proposed MBL rule

June 16, 2015
Ito comments on RBC 'Stop, Study' legislation

June 15, 2015
Keefe joins NASCUS as Director of Communications

April 14, 2015
Registration for 2015 Cybersecurity Symposium Now Open

March 10, 2015
NCUA Vice Chairman Metsger Discusses FOM During Open Mic Session at CUNA GAC

January 15, 2015
NCUA Presents Second Risk-Based Capital Rule at Today’s Board Meeting

January 5, 2015
Idaho Regulator Mary Hughes Appointed to FFIEC State Liaison Committee

Press Releases 2014

November 24, 2014
Colorado Issues Charter to Marijuana Credit Union

November 24, 2014
CFPB Posts Fall Rulemaking Agenda

November 24, 2014
NCUA to Re-Propose RBC Rule in January 2015

November 20, 2014

NASCUS Calls for Public Comment Period Over NCUA’s Ever-Increasing OTR

November 14, 2014

Inaugural Credit Union Cyber Security Symposium Concludes

November 14, 2014

Inaugural Credit Union Cyber Security Symposium to Conclude Today

November 13, 2014

Day One of Inaugural Credit Union Cyber Security Symposium Concludes

November 13, 2014

Inaugural Credit Union Cyber Security Symposium Begins Today

November 4, 2014

Ito Takes Reins as NASCUS President and CEO

September 25, 2014

NASCUS Submits Statement for the Record to Senate Committee on Banking, Housing and Urban Affairs

September 23, 2014

NASCUS Comments on CFPB's Proposed Policy Statement on Disclosure of Consumer Complaint Narrative Data

September 11, 2014

UBIT Steering Committee Receives Prestigious NASCUS Pierre Jay Award

September 10, 2014
Childs and Boesch Continue Service on NASCUS Credit Union Advisory Council

September 10, 2014
Massachusetts, North Carolina and Wisconsin Regulators Elected to
the NASCUS Board

September 10, 2014

Tennessee Gov. Bill Haslam Declares Sept. 10 "Mary Martha Fortney Day"

September 9, 2014

NASCUS Welcomes Nussle as New CUNA President/CEO

September 8, 2014

NASCUS Hosting Annual State System Summit This Week in Nashville

September 3, 2014

NASCUS Announces Lucy Ito as the Association’s New Chief Executive Officer

September 2, 2014

NASCUS Comments on Regulatory Publication and Review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996

August 27, 2014

NASCUS Files Comments in Response to NCUA’s Proposed Changes to NCUA Rules and Regulations Parts 721 and 741

August 25, 2014

NASCUS Announces New Chair

August 6, 2014

NASCUS Welcomes Rose Conner to NASCUS Board; Says Goodbye to Utah Regulator Orla Beth Peck

July 31, 2014

NASCUS Attends NCUA Board Member Michael Fryzel’s Final Board Meeting

July 7, 2014

Alabama and Washington Earn NASCUS Reaccreditation

June 19, 2014

NASCUS Congratulates McWatters on Senate Confirmation

June 16, 2014

TruMark Financial Credit Union CEO Richard Stipa Appointed to NASCUS Credit Union Advisory Council

June 13, 2014

Michigan Earns NASCUS Reaccreditation

June 6, 2014

Wisconsin Regulator Appointed to NASCUS Board

June 2, 2014

Massachusetts Division of Banks Receives First Joint Bank, Credit Union, and Mortgage Supervision Accreditation

May 28, 2014

NASCUS Files Comments on NCUA Proposed Risk-Based Capital Rule

May 7, 2014

Regulatory Relief Bills Pass House

April 24, 2014

NCUA Final Stress Testing Rule Includes NASCUS' Changes

April 9, 2014
NASCUS Announces Positive Resolution on Crucial UBIT Issues

April 9, 2014

California Earns NASCUS Reaccreditation

March 12, 2014

NASCUS Congratulates Bloom Raskin on Confirmation as Treasury Deputy Secretary

February 21, 2014

Mary Martha Fortney to Retire as NASCUS President and CEO

January 30, 2014

NASCUS Files Letter with Senate Committee on Homeland Security and Governmental Affairs Regarding Conference, Travel Spending

January 24, 2014

NASCUS Comments on Proposed Rulemaking for Part 701--Requirements for Contacts with Federal Credit Unions

January 23, 2014

NCUA Limits Final Derivatives Rule to Federal Credit Unions: Defers to State Authority for State Charters

Press Releases 2013

December 31, 2013
NASCUS Encourages NCUA to "Right-Size" Asset Threshold, Make Results Confidential, and Keep State Regulator Informed, in Comment Letter on Capital Planning and Stress Testing Proposal

December 19, 2013

Jeff Dahstrom Elected Chairman of National Institute of State Credit Union Examination (NISCUE), NASCUS' Educational Foundation

December 17, 2013
NASCUS Congratulates McWatters on His Nomination by President to NCUA Board

November 12, 2013
NASCUS Urges Regulatory Coordination and Advocates for Small Lender Access to the Secondary Market in Statement for the Hearing on Housing Finance Reforms Regulatory Coordination and Advocates for Small Lender

September 18, 2013

Past NASCUS Executive Council Chairman Honored with NASCUS Pierre Jay Award

June 26, 2013
NCUA Preemption of State Derivatives Authority Raises Serious Concerns: Proposal Fails to Recognize State Expertise and Experience

February 20, 2013
Federal and State Regulators Offer More Opportunities for Low-Income Credit Unions

February 14, 2013
NASCUS Supports Supplemental Capital Legislation

January 29, 2013
NASCUS Elects New Board Officers; Georgia Regulator Appointed

January 23, 2013
Connecticut Regulator Mary Ellen O'Neill Appointed to NASCUS Board of Directors

January 10, 2013
Statements from NASCUS President and CEO Mary Martha Fortney on NCUA's Final Definition of Troubled Condition Rule


Press Releases 2012


November 27 , 2012
NASCUS comments on NCUA's proposed rule to change the definition of "small credit union."

November 15 , 2012
Statements from NASCUS President and CEO Mary Martha Fortney on NCUA 2013 Overhead Transfer Rate and 2013 Budget

October 1, 2012
NASCUS Files Comments on NCUA's Proposed Emergency Liquidity Access Rule

October 1, 2012
NASCUS urges NCUA to reconsider its proposed rulemaking regarding the regulatory definition of "troubled condition"

August 22, 2012
NASCUS Announces Management Departure

August 6, 2012
NASCUS Responds to NCUA Annual Rule Review

June 18, 2012
Florida Regulator Linda Charity Appointed to NASCUS Board of Directors

May 25, 2012
Patty Idol Appointed to NASCUS Credit Union Executive Council

Feb. 21, 2012
NASCUS Recommends Different and Less Preemptive Approach for Loan Participation Risk

Feb. 9, 2012
NASCUS Applauds Introduction of Supplemental Capital Bill

Jan. 5, 2012
Statements from NASCUS President and CEO Mary Martha Fortney on GAO Report Regarding NCUA

Press Releases 2011

December 20, 2011
Statement from NASCUS on BECU's Gary Oakland and New BECU President Selection

September 27, 2011
NASCUS Urges NCUA to Leverage Existing Resources and Enhance Risk Focus for Supervision of CUSO Activities

September 19, 2011
Michigan, Ohio and Utah State Regulators Continue Serving on NASCUS Board; Virginia Regulator Appointed

September 19, 2011
Childs and Boesch Continue Service on NASCUS Credit Union Executive Council; Kurish Re-appointed

September 15, 2011
Illinois Governor Quinn Addresses NASCUS Summit on Role of Regulators and Credit Unions in Today's Economy

September 15, 2011
Past NASCUS Chairman Roger Little Honored with NASCUS Pierre Jay Award

September 15, 2011
NASCUS Installs New Leadership at State System Summit

September 12, 2011
NASCUS Hosting Annual State System Summit This Week in Chicago

August 31, 2011
Illinois Governor Pat Quinn to Speak at NASCUS State System Summit in Chicago

August 18, 2011
NASCUS Hosting Annual Summit Featuring Discussion on Navigating Regulatory, Congressional and Member Expectations

June 20, 2011
NASCUS Encourages NCUA to Ensure Prudent Participation in Corporate Prepayment Program

May 24, 2011
NASCUS Responds to NCUA Proposals on Interest Rate Risk, Net Worth and Equity Ratios

May 24, 2011
Michigan CU Regulator Appointed to NASCUS Board

May 12, 2011
CSBS & NASCUS Support Delayed Implementation of Interchange Fee Rule

May 2, 2011
NASCUS Comments on SCU Impact from Proposal to Remove Credit Rating References

April 18, 2011
Illinois Director Meza Appointed to NASCUS Board

March 9, 2011
Ohio Regulator and Credit Union Executive Join NASCUS Leadership

March 2, 2011
North Carolina State Regulator Signs MOU with Consumer Bureau, NASCUS Working on Additional Agreements

Feb. 8, 2011
NASCUS Thanks James Forney for Years of Service to NASCUS and the State System; Welcomes JoAnn Johnson to State Regulatory Community

Jan. 31, 2011
Connecticut's Pitkin Appointed to NASCUS Board, Hughes of Idaho Selected Secretary/Treasurer

Jan. 24, 2011
NASCUS Encourages NCUA to Address Corporate Concerns through Existing Corporate Regulations and Recognize State Law in Proposal

Jan. 18, 2011
NASCUS Expresses Support for Matz's Congressional Request for Capital Reforms

Jan. 3, 2011
Michigan Commissioner Ken Ross Appointed to NASCUS Board of Directors

Press Releases 2010

December 27, 2010
NASCUS Thanks Roger Little for Years of Service to NASCUS and the State System

November 15, 2010
NASCUS Requests FTC Exempt SCUs from Mortgage Advertising Proposed Rule

October 1, 2010
NASCUS Seats State Regulators on Board of Directors at Annual Meeting

October 1, 2010
State Credit Union Executives Elected to NASCUS' Advisory Council Leadership Group

September 30, 2010
Past NASCUS Chairman George Reynolds Honored with NASCUS Pierre Jay Award

September 27, 2010
NASCUS Hosting State System Summit This Week in San Antonio

September 24, 2010
Statements from NASCUS President and CEO Mary Martha Fortney Final Part 704, Corporate Credit Unions

August 11, 2010
NASCUS State System Summit to Spotlight State System Innovation

August 9, 2010
NASCUS Responds to NCUA 2010 Rule Review

July 20, 2010
NASCUS Announces Changes to Credit Union Leadership Advisory Group

July 15, 2010
NASCUS Statement on House and Senate Passage of Regulatory Reform Conference Report, H.R. 4173

June 22, 2010
Utah Re-accredited by NASCUS

June 8, 2010
NASCUS Holding Leadership and Regional Regulator Meetings this Week

June 1, 2010
NASCUS Emphasizes State Law Deference in Merger and Conversion Issues for State Credit Unions in Comment Letter to NCUA

May 21, 2010
Statements from NASCUS President and CEO Mary Martha Fortney on Senate Passage of Financial Regulatory Reform, S. 2317

May 4, 2010
Kentucky Regulator to Join NASCUS Board, Hughes to Fill Reynolds Unexpired Term

April 12, 2010
Statement from NASCUS on NCUA Supplemental Capital White Paper

March 5, 2010
NASCUS Recommends Diversity, Enhanced Oversight and Larger Role for State Regulators in Regulation of the Corporates

January 21, 2010
Louisiana Re-accredited by NASCUS

January 11, 2010
NASCUS Leadership Traveling to Atlanta and San Francisco to Meet with State Regulators this Week

Press Releases 2009

November 30, 2009
Florida Earns NASCUS Re-accreditation

November 19, 2009
NASCUS Chairman Meets with Northeast State Regulators to Begin Regional Meeting Series

November 19, 2009
Statements from NASCUS President and CEO Mary Martha Fortney on Corporate Credit Union Proposed Rule and NCUA 2010 Budget

October 22, 2009
Statement from NASCUS President and CEO Mary Martha Fortney on Committee Passage of Consumer Financial Protection Agency Legislation

October 14, 2009
NASCUS Represents State System at Senate Hearing, Advocates for Supplemental Capital for Credit Unions

October 9, 2009
NASCUS to Testify at Senate Financial Institutions Subcommittee Hearing on State of the Industry

September 23, 2009
NASCUS Encourages House Committee to Preserve Dual Chartering and Partner with States in Regulatory Reform, Consumer Protection

August 24, 2009
NASCUS and State Regulators Look Forward to Working with Matz

August 21, 2009
NASCUS Welcomes Vermont State Regulator as Chairman, Announces Board of Directors

Cann to Lead NASCUS Credit Union Advisory Council, Veteran Credit Union Executives Continue as Directors

August 18, 2009
NASCUS Reveals New Logo, Updated Web site

August 18, 2009
NASCUS Commemorating 100 Years of the State Credit Union Charter at State System Summit

August 3, 2009
NASCUS Files Comments with FTC Requesting SCU Exemption from New Mortgage Lending Regulations

June 26, 2009
NASCUS Affirms Federal Regulatory Reform Position

June 17, 2009
Treasury Assistant Secretary Barr Meets with NASCUS to Discuss Capital and Regulatory Reform

June 10, 2009
NASCUS Summit to Feature Sessions on State of UBIT and Meeting Today's Mortgage Lending Challenges

June 1, 2009
Michigan Earns NASCUS Re-accreditation

May 20, 2009
NASCUS Recommends Enhanced Regulatory Oversight and Capital Reform to Prevent Future Losses in Corporate System

May 13, 2009
NASCUS to Testify at House Subcommittee May 20 Hearing on Legislation to Address the Corporate Credit Union System

April 29, 2009
NASCUS Encourages House Financial Services Committee to Integrate Enhanced State Authority in Mortgage Reform Bill, H.R. 1728

April 6, 2009
NASCUS to NCUA: Focus on Oversight and Risk Factors in Corporate System, Use Caution in Restructuring

March 23, 2009
Statement from NASCUS President and CEO Mary Martha Fortney on Conservatorships of U.S. Central and WesCorp Federal Corporate Credit Unions

March 19, 2009
NASCUS to Senate Committee: Maintain and Strengthen State Supervision, Recognize Value of Dual Chartering in Regulatory Reform

March 13, 2009
NASCUS to Testify at Senate Banking Committee March 19 Hearing on Modernizing the Regulatory System

March 10, 2009
Representatives from Nearly 40 States Join NASCUS and NCUA at Annual National Regulators Meeting

February 18, 2009
NASCUS Leadership Gathering in Washington, D.C. for Business and Industry Meetings

NASCUS 2009 Summit: Strong Past, Stronger Future - 100th Anniversary of the State Credit Union Charter