Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Two nominated by CUNA to Feds TIAC
WASHINGTON (9/29/08)—The Credit Union National Association (CUNA) has nominated two credit union representatives for membership on the Federal Reserve's Thrift Institutions Advisory Council (TIAC), and described both as individuals who would bring significant expertise to the cork of the Fed council. In a nominating letter to Fed Governor Randall S. Kroszner, CUNA Chairman Tom Doherty put forward the names of Patsy Van Ouwerkerk, president/CEO of Travis CU, Vacaville, Calif., and Rod Staatz, president/CEO of State Employees CU of Maryland (SECU CU), in Linthicum. Doherty noted that Van Ouwerkerk has been involved in the credit union system for more than 18 years. In addition to her current position at the $1.6 billion-asset Travis CU, which has 155,000 members, she also has served as president/CEO of Alliance CU in San Jose and at Columbia Community CU, Vancouver Wash. Van Ouwerkerk also has served in a leadership capacity on many boards and committees, including those under CUNA and the California CU League, the letter noted, and added that the nominee currently is chair of the Filene Research Council, a member of the Solano Economic Development Committee’s board of directors, and is chair of the Travis Regional Armed Forces Committee, which is a community and business partnership with Travis Air Force Base. On behalf of the Staatz nomination, Doherty noted Staatz has been at the head of $1.8 billion SECU, which has 252.411 members, for five years and throughout a distinguished career has held many executive and senior role in several financial institutions. Staatz also currently chairs the Credit Union Auto Lending Network, Credit Union Business Capital and is treasurer of Card Services for Credit Unions. He also is on the boards of Open Technology Solutions and the Maryland-D.C. CU Association. He is chairman of the Large CU Roundtable as well. TIAC is an advisory group established by the Fed in 1980, which meets three times a year with the Board of Governors to discuss developments relating to thrift institutions, mortgage finance, and certain regulatory issues. The Fed is expected to announce its selection of new TIAC members later this Fall.


RSS print
News Now LiveWire
Fixed-asst rule relief would not apply to federally insured, state-chartered credit unions.
5 minutes ago
.@TheNCUA Ch Matz says intent is to allow CUs to manage fixed assets without NCUA "micromanaging" the purchases of fixed assets.
8 minutes ago
Under this fxd-asst proposal, @NCUA says to exceed 5% cap a CU would need a plan or program.
10 minutes ago
The new proposal was drafted, in part, due to comments received in 2013 on a technical corrections rule approved by NCUA on fxd-assts.
12 minutes ago
Today's @TheNCUA meeting starts now with fixed-asset proposal; wld eliminate 5% cap.
15 minutes ago