The Department of Financial Institutions
Stewart Serves on National Credit Union Board

Press Release Date:  Tuesday, May 04, 2010  
Contact Information:  Kelly May, Public Information Officer
502-573-3390 x252
800-223-2579 x252
kelly.may@ky.gov
 


  FRANKFORT, Ky. – (May 4, 2010) – The Kentucky Department of Financial Institutions (DFI) today announced that Financial Institutions Division Director Kathy Stewart will serve on the Board of Directors of the National Association of State Credit Union Supervisors (NASCUS).

  The NASCUS Board of Directors consists of nine individuals who work for state regulatory agencies. Stewart fills a one-year term expiring in September 2010. She was appointed by Board Chairman Thomas Candon of Vermont, and joins board members from Utah, Wisconsin, Washington, North Carolina, Michigan, Iowa and Idaho.

  “It is an honor to be selected,” said Stewart. “With the current issues facing our credit unions, I hope to add value to the board, particularly in the area of member business lending.”

  As division director, Stewart is responsible for the regulation of Kentucky state-chartered credit unions and banks. She has served as director since December 2008 and has more than 22 years of experience in commercial banking in Kentucky. She earned a bachelor’s degree in business administration and economics from Georgetown College and a master’s of business administration degree from Bellarmine University. She lives in Lexington.

  For the past year, Stewart also has served on the NASCUS Legislative and Regulatory Affairs Committee, which works to advance issues that preserve the viability of the dual chartering system.

  “I’m pleased that Kathy was chosen to serve in this role,” said Commissioner Charles Vice. “I believe it is important for DFI senior management to serve on national boards, as it demonstrates leadership in the financial services industry.”

  NASCUS is a professional regulator’s association with a mission to enhance state credit union supervision and advocate for a safe and sound credit union system. For more info on NASCUS, visit http://www.nascus.org/index.htm.

  DFI is an agency in the Public Protection Cabinet. It supervises the financial services industry by examining, chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. DFI’s mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence, and encouraging economic opportunities.

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