ALEXANDRIA, Va. (9/20/12, UPDATED 1:25 p.m. ET))--National Credit Union Administration (NCUA) board member Christiane "Gigi" Hyland today announced her resignation, effective Oct. 5.
Hyland was sworn in as an NCUA board member on Nov. 18, 2005 for a six-year term, which ended Aug. 2, 2011. Prior to her time on the board, Hyland's credit union career included work as a credit union attorney and advocate for more than 14 years.
NCUA Chairman Debbie Matz said of Hyland's tenure at the NCUA, "Gigi has been an exemplary public servant. The credit union industry and the agency have been the beneficiaries of her intellect, tenacity and dedication to a safe and sound system."
Matz noted Hyland's initiative of updating the rules to raise the small credit union asset threshold, as proposed at today's NCUA open board meeting, as one of her most important.
Fellow board member Michael Fryzel said Hyland has been an "outstanding" NCUA board member. "She has brought knowledge, integrity and common sense in making tough decisions during troubled economic times."
Fryzel added, "Her ideas, collaboration and cooperation during the credit union crisis of 2008 to 2009, when I was chairman, were invaluable and for which I am sincerely grateful. I wish her all the best on her career path and know she will succeed at whatever she chooses to do."
Hyland, in her resignation announcement concluded, "It has been an honor to serve our country to protect the safety and soundness of nearly 7,000 federally insured credit unions and over 93 million credit union members."
After Oct. 5, Hyland says she plans to take time off before considering future professional opportunities.
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