American Bankers Associations Ed Yingling, Longtime CU Nemesis, To Retire
WASHINGTON – Edward Yingling, who as head of the American Bankers Association fought every major credit union initiative, announced he is retiring at year end after 25 years with the lead banking lobby.
Yingling, 61, began with the ABA as a lobbyist and became its chief lobbyist, leading the fight against HR 1151, the landmark 1998 CU Membership Access Act. He became its president and CEO a decade ago. Yingling comes from a family of banking lobbyists, as his father, Jack Yingling, represented Citicorp after working as staff director of the Senate Banking Committee.
Throughout the past decade Yingling has led the bankers’ fight against credit unions, lobbying Congress for repeal of the credit union tax exemption, and against initiatives that would raise the cap on member business lending and create a risk-based capital system for credit unions.
Yingling said he plans to stay active in the industry, perhaps by returning to the practice of law.
The ABA has appointed a search committee to succeed Yingling and has hired Korn/Ferry to assist the search.