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ARLINGTON, Va. — NASCUS President/CEO Mary Martha Fortney has a couple of pet peeves. Perhaps the more minor one is referring to NASCUS as a trade association. NASCUS represents state credit union regulators, but has a credit union advisory council with some state leagues as “benefactor” members. NASCUS represents its regulators though their interests sometimes coincide with credit union concerns. NASCUS provides a forum for its members to discuss ideas and problems and serves as a resource. Second, Fortney is fed up with publications and other sources that refer to laws and regulations applying to credit unions without distinguishing when it applies to federal credit unions, federally insured credit unions, or all credit unions. “We try to keep that in mind as we communicate with our members about things that affect them, because, some of the rules can be confusing, so we try to act as a resource,” NASCUS Director of Communications Kate Hartig chimed in. Fortney is hoping NCUA will segregate all of its regulations that cover federally insured state chartered credit unions from what only applies to federal credit unions to help clear up some of the confusion.

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