NASCUS Board Gets New Chairman

ARLINGTON, Va. - The NASCUS board has elected George Reynolds, senior deputy commissioner of the Georgia Department of Banking and Finance, to replace Ohio Department of Commerce Acting Deputy Superintendent of Financial Institutions Ken Roberts, who resigned as NASCUS' chairman-elect.

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NASCUS Chair Linda Jekel appointed NASCUS board member Beth Dooley, deputy commissioner of the California Department of Financial Institutions, to fill Roberts' unexpired term-which ends August 2008.

"NASCUS is excited to welcome George as the association's new chairman-elect. He will make a great chairman," said Jekel, director of credit unions for Washington state, in a statement. "Though, we will miss Ken's involvement in NASCUS. He made tremendous contributions to our organization."

Roberts has served on the NASCUS board for more than five years. He was elected to the NASCUS Board of Directors in 2002 and served as Secretary/Treasurer from 2005-2006, and as Chairman-elect since January 2006. According to NASCUS, Roberts resigned due to changes at the Ohio Department of Commerce. Calls to the Ohio state regulator were not returned by press time.

Reynolds was elected to the NASCUS board in August 2006. He serves as chairman of the NASCUS Legislative and Regulatory Affairs Committee and was a past chairman of the NASCUS Audit Committee. Reynolds will become chairman in August.

"As an active participant in NASCUS over the years and recognized state regulator, George will excel as NASCUS chairman. We look forward to his term," said NASCUS President and CEO Mary Martha Fortney. "In addition, I would also like to thank Ken for his dedication to NASCUS and to the state-chartered credit union system. He was committed to NASCUS and our efforts to preserve dual chartering and enhance the safety and soundness of state credit unions."


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