Professional development

The regulator must speed up its capital reform efforts while taking immediate steps to reduce the examination burden.

Some regulators had started shifting to more remote oversight before the pandemic, though the initiatives haven't been a priority for credit unions and their advocates.

The industry still grapples with stopping corrupt employees — the failure of CBS Employee FCU last year highlights that — and now that could become even harder with the pandemic.

The Somerville, Mass.-based credit union appointed its VP of lending to serve as temporary CEO following the departure of its longtime leader for another institution.

The central bank will prioritize monitoring and outreach while reducing examination activity due to the coronavirus pandemic until at least the end of April.

The National Credit Union Administration also ordered its own employees to work from home until at least the end of March.

State and federal officials committed to providing “appropriate regulatory assistance” to banks whose customers may be hurt by the coronavirus outbreak and said prudent measures would not be subject to criticism by examiners.

Prodigy, a fintech focused on mobile solutions for credit unions, has a new CEO in the wake of a retirement.

Joe Nowland will be succeeded by COO Mary Svoboda, who will lead the Jacksonville, Fla.-based credit union on an interim basis.

Deputy Director Brian Johnson spent more than two years serving under two separate CFPB directors. He will become a partner at Alston & Bird LLP next month.

Karyn Davis has taken over as chief executive following Linda Stanton's retirement.

Section 705 FCU, originally chartered to serve postal employees, has a new chief executive following the retirement of its longtime CEO.

Connie Roy plans to retire from the Louisiana-based institution this fall after two decades at the helm.

Proposed reforms to the Community Reinvestment Act focus on everything but bank products that promote higher education. It’s time to change that.

The African-American Credit Union Coalition will recognize three industry leaders, one posthumously, during an event in Washington later this month.

Brian McKay will lead the Greensville, S.C.-based credit union beginning in April

CUs now hold four of the 11 spots on the Federal Reserve Bank of San Francisco's Community Depository Institutions Advisory Council.

A small number of institutions are beginning to add financial assistance for vocational training into their scholarship offerings, but that only accounts for a fraction of the industry's total giving for secondary education.

Mendell Thompson, who has led the Glendora, Calif.-based institution for more than 30 years, plans to retire later this year.

Larry Fazio, longtime head of the agency’s examinations division, has been promoted to executive director. He will succeed Mark Treichel, who will retire later this year.