Debate Over Charter Conversions On NASCUS Agenda

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The controversial issue of credit union-to-bank charters will be front and center when NASCUS hosts its annual Conference & Symposium in Chicago in late August.

The meeting will include the "Credit Union to Bank Charter Conversion Colloquium" and will be facilitated by Larry Blanchard, senior VP with CUNA Mutual Group, and Jim Forney, superintendent of Credit Unions for the state of Iowa. Panelists will include Dick Ensweiler, president of the Texas league and chairman of CUNA; Bob Hoel, executive director of the Filene Research Institute, and Mitch Lucas, the former general counsel of Washington's Credit Union prior to it becoming First Security Bank of Washington.

According to NASCUS, the colloquium will seek to answer imperative questions, such as: What is driving some credit unions to convert to a bank charter? Does the credit union charter need fixing? Is it right to put up regulatory "roadblocks" to the conversion process?

Also on the agenda will be author and Brookings Institute Guest Scholar Martin Mayer, who will give the keynote speech. For info on the meeting: www.nascus.org.

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