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.

NASCUS is also being proactive in getting its name and issues out there for greater clarity. The group is looking to increase its visibility within the state and federal systems. NASCUS is a member of the Financial and Banking Information Infrastructure Committee; a standing member of the Federal Financial Institutions Examination Council state liaison committee, which was recently granted a vote for the committee chairman; works with the Financial Crimes Enforcement Network and the Office of Foreign Assets Control; and has served as a resource to Congress on unfunded mandates. At the state level, NASCUS is working to bolster its presence at the National Conference of State Legislators and by working with the National Governors Association and the National Association of Insurance Commissioners. The organization also penned a joint letter to Congress on data security with the Conference of State Banking Supervisors.

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