ARLINGTON, Va. — Katie Averill, superintendent of the Iowa Division of Credit Unions and immediate past chair of the National Association of State Credit Union Supervisors (NASCUS) Regulator Board, will conclude her tenure with the state Oct. 23, ending more than nine years overseeing Iowa’s state-chartered credit union system.
NASCUS issued a statement recognizing Averill’s contributions to state credit union supervision, regulatory collaboration and technological innovation, both in Iowa and nationally.
Appointed by Gov. Kim Reynolds in May 2017, Averill served three terms as superintendent, receiving unanimous confirmation from the Iowa Senate for her third term.
During her tenure, NASCUS said, Averill emphasized effective supervision, regulatory accountability and protecting credit union members while advocating for greater collaboration among state and federal regulators.
Oversaw $35.19 Billion Credit Union System
According to NASCUS, Iowa’s state-chartered credit union system had the following characteristics as of the second quarter of 2026:
- 65 state-chartered credit unions
- Approximately 1.6 million members
- $35.19 billion in total assets
- More than 97% of Iowa’s total credit union assets held by state-chartered institutions
NASCUS credited Averill with helping maintain a strong state-chartered system while encouraging innovation and regulatory cooperation.
Leadership Extended Beyond Iowa
Averill also played a prominent role in national credit union supervision through her longtime service on the NASCUS Regulator Board, including serving as chair from 2024 to 2026.
Among her contributions, according to NASCUS, were:
- State-Federal Collaboration: Leading the Joint Supervision Working Group with the National Credit Union Administration to strengthen cooperation between state and federal regulators.
- Regulatory Engagement: Promoting communication and relationships among regulators, credit unions and industry stakeholders.
- Education and Governance: Championing educational opportunities, including the Superintendent’s Day Board Member Forum, which brought credit union board members, regulators and industry leaders together to discuss emerging issues and supervisory priorities.
- Technological Innovation: Advocating for innovation within the credit union system while maintaining supervisory accountability.
NASCUS CEO Praises Leadership
“We want to thank Katie for her years of service, leadership, and continued support of NASCUS and the credit union system,” NASCUS President and CEO Brian Knight said in the statement. “Katie has always understood the importance of bringing people together, listening to different perspectives, and working toward solutions that benefit the entire industry. We appreciate her leadership, her insight, and her commitment to the state system. We wish her nothing but the best in her next chapter.”
Experience on Both Sides of Regulation
Before joining state government, Averill spent 10 years as senior vice president of Citizens Community Credit Union in Fort Dodge, Iowa.
Her responsibilities included overseeing branch operations, member service, marketing and business development.
NASCUS said Averill’s experience as both a credit union executive and regulator helped shape her approach to supervision, emphasizing communication, collaboration and an understanding of the operational challenges facing financial institutions.
The association said Averill’s contributions to Iowa’s credit unions and the broader state-chartered credit union system would have a lasting impact.
