ARLINGTON, Va. —The National Association of State Credit Union Supervisors (NASCUS) focused on innovation and other issues during the second day of its State System Summit.
NASCUS reported more than 115 attendees from throughout the country, reporting state regulators, credit unions and others were in attendance.
As CUToday.info reported here, NASCUS President and CEO Lucy Ito kicked off the meeting by announcing the first-ever Dual Charter Resource Initiative (DCRI).
“I am happy to announce that CUNA Mutual, American Share Insurance, and PSCU have collectively pledged $260,000 to DCRI,” said Ito. “This support allows for the updating and production of new resources to strengthen state charters across the country. From statute modernization efforts, state charter and federal charter analysis or a curated legislative digest, sponsors of the Dual Charter Resource Initiative are making our work possible.”
NASCUS reported the first group of committed supporters has pledged the following amounts:
- CUNA Mutual Group is providing $50,000 over three years, totaling $150,000
- American Share Insurance (ASI) is committing $50,000 over two years, totaling $100,000
- PSCU is contributing $10,000 over two years, totaling $20,000
‘Continued Dynamism’
“We want to personally thank CUNA Mutual and ASI as Champion sponsors and PSCU as a Partner sponsor. All three of these early DCRI sponsors recognize that a robust dual charter system going forward will assure the continued dynamism of the U.S. credit union system,” stated Ito.
In addition to the DCRI announcement, NASCUS noted attendees virtually interacted with NCUA’s Office of Examination and Insurance Director Myra Toeppe during which attendees posed real-life questions and offer solutions to the dynamic regulatory landscape.
During the meeting, Nationally recognized speaker and CUDoctor President Diane Reed delivered an engaging seminar on “Employment Trends: What is the New Reality?” coaching attendees on the ever-changing requirements within Human Resources hit hard by a pandemic.
Day Two
Moving into its second day, the Summit featured discussions that included:
- “Economic Landscape: 2021 and Beyond” with Dr. Thomas Siems of the Conference of State Bank Supervisors (CSBS), senior economist and director of Research, whose data-driven research contributes to the development of sound financial services policy and supports the state system of financial regulation in a changing environment.
- “The Changing World of Real Estate and Mortgage Lending” with Tracy Ashfield, president of Ashfield & Associates, who works with mortgage-granting credit unions to enhance their programs, and she has helped credit unions new to mortgage lending establish programs.
- “Appraisal Industry in Conflict: Implications for Credit Unions” with NCUA Deputy Director of the Office of Examination and Insurance Tim Segerson and NASCUS Executive Vice President & General Counsel Brian Knight.
“Our Summit is unique in bringing together credit union regulators and practitioners for open dialogue and mutual exchange,” said Ito. “This year, we’ve developed a program aimed at maximizing attendee engagement, generating creative problem solving, and supporting nationwide interaction to bolster and grow the state system for years to come.”