Linda Jekel Receives NASCUS Pierre Jay Award for Service

In recognition of outstanding service, leadership and commitment to the dual credit union chartering system, Linda Jekel has received the 2012 Pierre Jay Award from the National Association of State Credit Union Supervisors (NASCUS).

Jekel is the director of credit unions for Washington’s Department of Financial Institutions (DFI). She received the award yesterday during NASCUS’ annual State System Summit in Denver. Jekel traveled to the conference unaware that her service would be showcased, as the winner’s name is not revealed until the event.

“I am passionate about advancing the state credit union system. As a Washington regulator, I believe that state chartered credit unions are important innovators of financial services–critical to staying competitive,” Jekel said. “I am also proud of NASCUS, an organization dedicated to protecting state authority through many activities. I value the NASCUS team approach of regulators and credit union officials working together to tackle our many challenges. I invite all state credit unions to join NASCUS and make a difference in the future of credit unions.”

“Linda is a ‘regulator’s regulator,’ with the respect of the entire financial oversight community,” said John Annaloro, CEO of the Northwest Credit Union Association (NWCUA). “Because of this standing, she may be allowed to take additional latitude in shaping a more open set of prudential regulatory policies or rules. Over time, this allows Washington credit unions to better serve the public. We are well served by professionals of this caliber.”

The Pierre Jay Award was established in 1997 and is considered the top honor from NASCUS. It is named after the first commissioner of banks in Massachusetts, Pierre Jay, who was appointed to his position in 1906. Jay stood out amongst banking regulators even in that day for embracing the cooperative credit union model. He worked closely with Ed Filene to champion the credit union movement in the United States.

Jekel is the second Northwest professional to receive the Pierre Jay Award. Gary Oakland, who retired this year as CEO of BECU, received the honor in 1998. Oakland was not a regulator, of course, but served at the time as chairman of the NASCUS Credit Union Advisory Council.


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Posted in NCUA.