WASHINGTON – President Obama last night nominated Carla Leon-Decker, the president of $48 million District Government Employees FCU to serve on the three-member NCUA Board.
Leon-Decker would succeed Gigi Hyland, whose six-year-term on the panel expired in August. Hyland has been serving as a so-called holdover since then.
The choice of Leon-Decker was revealed last night as the White House issued an "intent to nominate".
Leon-Decker’s prospects of being confirmed by a divided and highly partisan Senate, are questionable however, as Republicans in the Senate, who can block any Obama nominations, may not want to confirm a Democratic candidate that will give the Democrats a majority of the three-member Board for the next five years so close to next year's presidential elections.
Leon-Decker worked at PAHO/WHO FCU from 1994 to 2000, first as operations manager, then as president, and as branch manager for Transportion FCU before that. She is a Credit Union Development Educator and co-founder and director of the Network of Latino Credit Unions and Professionals.
Leon-Decker's credit union, D.C. Government Employees FCU, eked out a small $31,167 net for the first six months of 2011, after reporting big losses of $769,289, $483,446 and $322,790 for 2008-2010. The credit union was also among 50 that received financial assistance from the Troubled Asset Relief Program in 2010, a $1.52 million loan from the TARP.
