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Ed Templeton, president/CEO of SRP Federal Credit Union, is introduced as chairman on the opening day of NAFCU's Annual Conference in Las Vegas.
The $7 million Pennsylvania credit union corrects problems with record keeping, internal controls and governance.
While directors should be continually asking why, they should also stay out of daily operations.
College professor Mark McWatters will succeed Republican Michael Fryzel.
Watch NCUA Chairman Debbie Matz discuss proposed rules approved Thursday by the board.
Senate leaders agreed to schedule a vote on the NCUA board nominee as early as next week.
Emails between the NCUA and St. Helens CEO revealed as activist member runs for the board.
The NCUA board will propose new rules on safe harbor, asset securitization and appraisals June 19.
The president/CEO of the $2.7B Bellco Credit Union has been on the CO-OP board since 2010.