FOR IMMEDIATE RELEASE
July 25, 2008
Contact: Jason Moon 517-335-1700

LANSING – The Michigan Office of Financial and Insurance Regulation (OFIR) today announced that registration is open for the National Association of State Credit Union Supervisors (NASCUS) Directors College on September 24, 2008 at Michigan First Credit Union in Lathrup Village, MI. As credit union operations, products, services and regulations grow in complexity, regulators are turning their attention to the manner in which boards of directors carry out their responsibilities.

“This training will help reinforce the backbone of Michigan’s credit unions,” said OFIR Commissioner Ken Ross. “I encourage all of Michigan’s credit union board members to register for this one-day event that will strengthen directors' understanding of their essential regulatory responsibilities and ability to effectively manage their credit union in this challenged economy.”

Deputy Commissioner Roger Little and Assistant Director John Kolhoff, both of OFIR’s Credit Union Division, will detail the regulator and examiner expectations of a director. Sessions also include an overview of essential safety and soundness regulations and the critical elements of compliance.

The school is scheduled from 8:30 a.m. to 4:00 p.m. on September 24 at the Michigan First Credit Union located at 27000 Evergreen Rd, Lathrup Village, MI 48076. Tuition for NASCUS and Michigan Credit Union League members is $199. Tuition for nonmembers is $299. Content is geared toward credit union directors but all are welcome to attend. To register, visit: http://www.nascus.org/omnisam/event/eventreg_info.cfm?product_id=72

The Office of Financial and Insurance Regulation is responsible for the regulation of 221 credit unions in Michigan.

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