ARLINGTON, Va. – Lucy Ito, president and CEO of the National Association of State Credit Union Supervisors (NASCUS), has announced plans to retire at the end of 2021.
Ito, who has a long career in credit unions, has led NASCUS since 2014.
Ito has served in her current role since 2014, where she oversaw numerous accomplishments for NASCUS, which advocates on behalf of state agencies that supervise 2,020 state-chartered credit unions and represent $934 billion in assets—just over one-half of all U.S. credit union assets, as of Dec. 31, 2020, the organization said.
Prior to joining NASCUS, Ito served as the executive vice president and chief operations officer at the California and Nevada Credit Unions Leagues and as a vice president of the World Council of Credit Unions.
Numerous Accomplishments
NASCUS said that during her tenure, Ito played a critical role in:
• Advocating for policies that foster balance and equity between state and federal credit unions, including over NCUA’s Overhead Transfer Rate methodology
• “Tirelessly working” to create an environment for state regulators and credit unions to work together to reach common sense solutions
• Establishing a network of engagement and collaboration for state regulators through committees and events, such as the National Meeting for State Regulators, launched in 2016 and held each spring
• Constructing idea-sharing platforms such as The Exchange—a dialogue for state regulators and $10billion-plus state and federal credit unions to anticipate future challenges facing the credit union system
• Working with the NCUA as a partner, re-committing to the Document of Cooperation between NASCUS on behalf of state regulators and NCUA in 2019 for the first time in more than a decade
• Increasing donations to NASCUS’ education foundation, the National Institute for State Credit Union Examination (NISCUE), and expanding scholarship opportunities for state examiners
• Launching a “cohesive and collaborative, member-focused engagement strategy and building nationwide trust in the NASCUS brand”
‘Genuine Gratitude’
“The board and Advisory Council would like to express its genuine gratitude for Lucy’s service to NASCUS. The organization would not be where it is today without Lucy’s thoughtful leadership, knowledge, and commitment. During her time at NASCUS, Lucy has been committed to providing outstanding service to our membership, and for that, we are sincerely grateful,” said NASCUS Chair Rose Conner.
In addition to her work at NASCUS, Ito currently serves on the International Credit Union Regulators’ Network (ICURN) board and Steering Committee, the State Issues Committee of the American Association of Credit Union Leagues (AACUL), and the NCUA-SSA Joint Supervisory Working Group.
NASCU said Ito is also honored to be participating in the African-American Credit Union Coalition’s Cross Cultural Exchange Program, a newly launched national pilot initiative.
‘Tremendously Fulfilling’
“Working with both regulators and credit unions over my entire career has been tremendously fulfilling,” said Ito. It has been a true privilege to work alongside the very best in the industry and lead NASCUS over these past seven years. The board of directors and Credit Union Advisory Council have worked together in true collaboration and shown genuine confidence in me, for which I am forever thankful. I look forward to my retirement and wish NASCUS nothing but success moving forward. There is still so much for us to accomplish before the end of 2021.”
NASCUS said it has formed a search committee and named D.Hilton Associates to conduct the search for Ito’s successor.
“Working with both regulators and credit unions over my entire career has been tremendously fulfilling,” said Ito. It has been a true privilege to work alongside the very best in the industry and lead NASCUS over these past seven years. The board of directors and Credit Union Advisory Council have worked together in true collaboration and shown genuine confidence in me, for which I am forever thankful. I look forward to my retirement and wish NASCUS nothing but success moving forward. There is still so much for us to accomplish before the end of 2021.”
NASCUS said it has formed a search committee and named D.Hilton Associates to conduct the search for Ito’s successor.