NASCUS Chairman Orla Beth Peck has appointed Florida regulator Linda Charity to the NASCUS board of directors. Charity is the interim commissioner for the Florida Office of Financial Regulation and also serves as director of the OFR's Division of Financial Institutions.
In a historic bid to chart new legal ground on community charters, a Kentucky federal credit union has converted to a state charter, marking the first such switch in the state in 30 years.
Switch from federal to state charter first of its kind in 30 years, follows rejection by NCUA.
Kentucky credit unions hailed a May 20 ruling by the Kentucky Supreme Court that struck down a long-running banker challenge on community charter field of membership expansion.
Credit union lawyers were hailing a Kentucky Supreme Court ruling upholding state authority on field of membership powers as providing the banking lobby "a resounding defeat" as part of its ongoing quest to curtail CU expansion.
NASCUS Chairman Tom Candon has named Board Member Mary Hughes to fill the two-year board term vacated when former NASCUS Chairman George Reynolds retired.