Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LANSING, Mich. – After nearly a year of remaining vacant, the position of Chief Deputy Commissioner for the Michigan Office of Financial Evaluation has been filled. Richard Lavolette was selected by Office of Financial and Insurance Services Commissioner Linda Watters to fill the spot. He succeeds former chief deputy commissioner Ron Jones who left the position about eight months ago to work in a position in the state Treasury Department. A 10-year veteran of OFIS – and a veteran of more than 30 years of the State of Michigan – Lavolette was formerly Senior Attorney with the agency. While with OFIS, he led the state’s effort in drafting the Savings Bank Act and drafted and edited various sections of the Banking Code of 1999 and the Credit Union Act. He also worked on proposed legislation and amendments involving mortgage lending, money transmitting, and other statutes affecting the state’s financial institutions. OFIS operates under two separate offices – the Office of Financial Evaluation (OFE) and the Office of Policy, Conduct and Consumer Assistance. OFE, which Lavolette will head, includes the Bank and Trust Division, the Credit Union Division, the Enterprise Monitoring Division, and the Supervisory Affairs and Insurance Monitoring Division. Director Roger Little heads the Credit Union Division which is responsible for ensuring the safety and soundness of the state’s credit unions.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.