The National Association of State Credit Union Supervisors has set a July 28 deadline to receive nominations for the 2017 Pierre Jay Award.
Nominations for the honor opened on Monday, June 10.
NASCUS said the award will honor an individual, program or organization that has made “significant contributions” to the state credit union system.
NASCUS further explained that the nominee does not necessarily have to be affiliated with NASCUS. Indeed, nominees might include credit union regulators, practitioners (paid staff, volunteers or members), federal or state lawmakers, trade groups or others. However, only NASCUS members are eligible to submit a nomination for consideration.
Created in 1997 by NASCUS, the Pierre Jay Award honors the first Commissioner of Banks in Massachusetts. Jay, who died in 1949, was also the first chairman of the Federal Reserve Bank of New York. Jay learned of the cooperative credit union movement in Milan, Italy, and embraced the concept, NASCUS noted. Working with philanthropist and credit union pioneer Edward Filene of Boston, and despite objections from the banking industry, Jay went on to champion credit union development in the United States, NASCUS added.
Among the criteria used in choosing the winner: the nominee must show contributions that have benefited the state credit union system significantly in the past one to 5 years (or more); and winner must demonstrate service, leadership and commitment to the state system and/or NASCUS
“We will be selecting an award winner who exemplifies outstanding service, leadership and commitment to the state credit union system,” said NASCUS president and CEO Lucy Ito in a statement. “When the state system gathers in San Diego to celebrate our 2017 State System Summit over a four-day period, we will be bestowing the Pierre Jay Award on a worthy individual, program or organization.”
The NASCUS Summit is scheduled to convene Aug. 29-Sept. 1 at the Westin Gaslamp Quarter Hotel in San Diego.
