NASCUS Holds Directors' College in Massachusetts

February 27, 2015 – NASCUS, along with the Massachusetts Division of Banks (DOB), Credit Union Association of Rhode Island, Massachusetts Credit Union League, Inc., and New Hampshire Credit Union League held a NASCUS Directors’ College this week at the Cooperative Credit Union Association (CCUA) in Marlborough, Mass.

More than 30 directors and CEOs from New England credit unions were in attendance at the college, which featured presentations on national issues, the challenges facing credit unions that serve marijuana-related businesses and cyber security, among others.

Presenters included David Cotney, commissioner of the Massachusetts DOB, NASCUS President and CEO Lucy Ito, CCUA President and CEO Paul Gentile, CCUA Senior Vice President and General Counsel Mary Ann Clancy, NASCUS General Counsel Brian Knight, and Holly Chase, Massachusetts DOB regional field manager. Sara Cabral and Dennis Patten from the Rhode Island Department of Business Regulation, and Todd Wells from the New Hampshire Banking Department also presented during the day-long college, providing an overview of their departments, and addressing current exam issues and examination functions.

NASCUS Directors’ Colleges have provided training to more than 3,000 state and federal credit union board members since 2008, allowing credit union directors, along with senior credit union staff, to hear firsthand about regulators’ expectations of directors. The colleges also provide a venue for networking and sharing board experiences. Though the content of colleges is geared toward directors, anyone, including credit union management, is welcome to attend these important one-day educational events.

Upcoming colleges are scheduled for Hartford, Conn. (April 2), Louisville, Ky. (April 16), Seattle, Wash. (April 29), and Appleton, Wis. (June 9).

For more information, contact NASCUS Vice President of Education Isaida Woo, at


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