Mary Martha Fortney,president/CEO of NASCUS, will retire this year after morethan 21 years with the organization, according to a Fridayrelease.

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“My passion will always be with the credit union system, but Ifeel it is time to move ahead,” said Fortney, who has beenpresident/CEO of NASCUS for the past 11 years. “Of course this isbittersweet, but change is good for both people and organizations.I am excited by the next chapter and look forward to the future andto NASCUS' continued evolution.”

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The NASCUS board, working jointly with the organization'sAdvisory Council, is establishing a profile for the attitude andaptitude necessary for Fortney's replacement, who is expected to benamed during the fourth quarter of 2014. Executive placement firmO'Rourke and Associates will facilitate the search.

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“On behalf of the entire board, and both the regulator andindustry membership, I would like to recognize Mary Martha'sleadership over a challenging period for both the regulators andthe industry,” said NASCUS Board Chair John Kolhoff, Michigan'sstate credit union regulator. “Through this period of significantchange she has been a leader in establishing strong dialogueamongst federal and state regulators and the institutions theysupervise.”

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Joining NASCUS in 1993 as director of Accreditation andCommunications, Fortney was the senior staff member responsible forthe NASCUS state accreditation program and for NASCUS writtencommunications. In late 1995, she became the first vice presidentof the organization.

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A nationally recognized leader in the credit union industry anda highly respected advocate for the credit union system, Fortneywas instrumental in moving NASCUS forward in its efforts to promoteand ensure the viability of the state credit union system, theorganization said in the release.

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Under Fortney's leadership, NASCUS became a known voice inWashington, and the organization now routinely works with the otherfinancial regulators and policymakers to reshape prudentialregulation for the 21st century.

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“NASCUS, state regulators and state credit union officials areappreciative of Mary Martha's tireless efforts on behalf of thedual charter during her tenure. She has led NASCUS through animportant period of credit union history and positioned NASCUS tocontinue to evolve with the industry as we look forward to thefuture,” said Advisory Chair Catherine Tierney, president/CEO ofthe $2 billion Community First Credit Union in Appleton,Wis.

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Fortney was often an outspoken early-advocate with NASCUS takingthe first official regulator policy positions in favor ofresponsible charter advancements in areas such as secondarycapital, expanded and diversified fields of membership, businesslending, protecting credit union unrelated business tax exemptionand protecting state authority.

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Prior to joining NASCUS, she served as the director of AgencyLiaison, Office of Presidential Correspondence in the Carter WhiteHouse. Fortney also spent 12 years on Capitol Hill, where she wasthe legislative director for a member of the U.S. House ofRepresentatives and the majority staff director for theSubcommittee on General Oversight and Investigations of the HouseCommittee on Banking, Finance and Urban Affairs.

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For the past 15 years, she has been actively involved with Womenin Housing & Finance, an association of women and men whoactively promote women in the fields of financial services andhousing. Fortney has served as WHF President and is currentlyPresident of its sister organization, the WHF Foundation whichoffers programs and sponsors events and volunteer opportunities tofulfill its mission to help women and families in the Washington,D.C., metropolitan area with guidance on housing and finance.

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Fortney's distinctive career will be honored as part of theproceedings at the 2014 NASCUS Annual State System Summit, Sept.10-12, in Nashville, Tenn.

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