CFPB Seeks New Credit Union Advisory Council Members
The Consumer Financial Protection Bureau is searching for new members to serve on its Credit Union Advisory Council.
Other advisory boards for which the CFPB is seeking members include the Community Bank Advisory Council and the Consumer Advisory Board.
“The members of our advisory board and councils are tremendous assets for the Bureau,” said CFPB Director Richard Cordray in a Wednesday statement. “I am grateful for the service of our current members, and look forward to working with our future members.”
The Credit Union Advisory Council first met in Washington in October 2012 and meets quarterly. According to the CFPB’s website, the 15-member council includes:
- Chairperson Carla Decker, $46 million District of Columbia Employees Federal Credit Union, Washington, D.C.
- Vice Chairperson Rose Bartolomucci, $117 million Towpath Credit Union, Fairlawn, Ohio
- Bernard Balsis, $20 million IEG Federal Credit Union, Hilo, Hawaii
- Gary Bell, $102 million Cooperative Center Federal Credit Union, Berkeley, Calif.
- John Buckley, $122 million Gerber Federal Credit Union, Fremont, Mich.
- Ron Ehrenreich, $19 million Syracuse Cooperative Federal Credit Union, Syracuse, N.Y.
- Kevin Foster-Keddie, $1.7 billion Washington State Employees Credit Union, Olympia, Wash.
- Helen Godfrey-Smith, $88 million, Shreveport Federal Credit Union, Shreveport, La.
- Mitchell Klein, $4 billion Police & Fire Federal Credit Union, Philadelphia;
- Lily Lo, $11.3 million Northeast Community Federal Credit Union, San Francisco
- Maria Martinez, $114 million Border Federal Credit Union, Del Rio, Texas
- Marcus Schaefer, $1.6 billion Truliant Federal Credit Union, Winston-Salem, N.C.
- Camille Shillenn, $40 million Unified People’s Federal Credit Union in Cheyenne, Wyo.
- Gregg Stockdale, $37 million, 1st Valley Credit Union, San Bernardino, Calif.
- David Wright, $43 million Services Center Federal Credit Union, Yankton, S.D.
A September 2013 report from the Bipartisan Policy Center criticized the CFPB over a lack of transparency and specifically called out the Credit Union Advisory Council for a closed-door June 5 meeting. Members of the group told Credit Union Times they were prohibited by the CFPB from speaking to the press about the meeting.
“The CBAC and CUAC were created to ensure that the Bureau receives feedback from community banks and credit unions with asset sizes below $10 billion that are not under the CFPB’s supervision, but may be affected by Bureau regulations,” the CFPB said in its release.
The deadline for submissions is Feb. 28, 2014. The CFPB said all applicants should have a background in financial services, consumer protection, fair lending, civil rights, consumer financial products or services and community development.
The bureau is also seeking applications that have experience as representatives of depository institutions that primarily assist underserved communities. The CFPB will not consider federally registered lobbyists for any positions in the advisory groups.
“The determinants of ‘expertise’ shall depend, in part, on the constituency, interests, or industry sector the nominee seeks to represent, and where appropriate, shall include significant experience as a direct service provider to consumers,” said a notice in the Federal Register.