New Chief CU Regulators in Iowa, Alabama
The former chair of the NCUA, JoAnn Johnson, is going back to supervising credit unions. Johnson was named last week by Iowa Gov. Terry Branstad as the state's new superintendent in the Iowa Division of Credit Unions.
Johnson, a former state legislator, served as the NCUA head from 2004-2008 and a member of the board starting in 2002. Johnson, who replaces the retiring James Forney, was named by the governor to fill a four-year term.
Johnson told Credit Union Times she recognizes the heavy compliance burden Iowa CUs face these days, and "I expect to get an earful on that."
Overall, she comes into the superintendent's job knowing there are new challenges "that were not there when I was at NCUA," but Iowa CUs have fared very well during the economic crisis, she added.