November 8, 2011
The Credit Union Times reported that the Senate Banking Committee will hold a hearing for National Credit Union Administration (NCUA) board nominee Carla León-Decker on Nov. 17, 2011. León-Decker was nominated last month by President Obama and would replace Gigi Hyland, whose six-year term expired on Aug. 2.
It has been widely speculated that Decker’s hearing will be shared with Thomas Hoenig, whose nomination as vice chairman of the board of directors of the Federal Deposit Insurance Corporation (FDIC) came around the same time as León-Decker’s.
Following the hearing and a vote by the committee, NCUA board nominees must then be approved by a majority vote in the Senate. The Senate has never rejected an NCUA nominee, but as Republicans in the Senate fight the nomination of Richard Cordray to run the Consumer Financial Protection Bureau (CFPB) in an attempt to leverage changes to the bureau, it is possible that León-Decker will get caught in similar political crossfire.
León-Decker has been the President/CEO of D.C. Government Employees Federal Credit Union since 2000, prior to which she served as the President/CEO of PAHO/WHO Federal Credit Union and as a branch manager at Transportation Federal Credit Union. She is also the co-founder and director of the Network of Latino Credit Unions & Professionals and a Credit Union Development Educator.
León-Decker would join Chairman Debbie Matz as the only members of the three-person board with experience in the credit union movement.
The Credit Union Membership Access Act states that, “Not more than one member of the board may be appointed to the board from among individuals who, at the time of the appointment, are or have recently been involved with any insured credit union as a committee member, director, officer or other institution-affiliated party.”
Matz was the executive vice president and acting CEO of Andrews Federal Credit Union from 2006 to 2008, but she left that post 14 months before her nomination, leaving the window open for another credit union professional to join the board. Michael E. Fryzel is the board’s third member and has been serving since his appointment by President Bush was confirmed in 2008.
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