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ALEXANDRIA, Va.-As of deadline, the only thing left to make the NCUA nominees official was their swearing in ceremonies. The Senate approved the nominations of Rodney Hood and Gigi Hyland to the NCUA Board last week. Hood has been serving as associate administrator of the U.S. Department of Agriculture’s Rural Housing Service to which he was appointed about a year ago where he managed a $43 billion portfolio of more than 400,000 loans. He has a solid background in financial services community development. He will fill the seat vacated by former NCUA Chairman Dennis Dollar, which runs until 2009. “I would like to express deep appreciation to President Bush for nominating me to this position and to the United States Senate for this vote of confidence. I look forward to working with Chairman Johnson and colleague Gigi Hyland to ensure the safety and soundness of the nation’s federally insured credit unions,” Hood said. “I am pleased to be in a position where I can continue to serve my country by regulating the not-for-profit financial cooperatives that give hardworking people access to capital, credit, and the American Dream.” Hyland was serving as general counsel to Empire Corporate Federal Credit Union prior to her nomination. Before that she was the executive director for the Association of Corporate Credit Unions. She will take former NCUA Board Member Debbie Matz’ seat, who resigned at the end of September. Her term will run through 2011. Hyland thanked the president for the nomination and Senate Minority Leader Harry Reid (D-Nev.) for his recommendation. “I look forward to working with my new colleagues, Chairman Johnson and Rodney E. Hood, to preserve the financial integrity, safety, soundness and vitality of federally insured credit unions in an ever-changing environment,” she said. “I am deeply honored to be asked to enter into public service and I will strive to be a fair and thoughtful regulator.” The move brings the board to its full complement after a more than 18-month period with just two board members and over one month with NCUA Chairman JoAnn Johnson as the only seated board member. “The confidence the President and the United States Senate have in Rodney Hood and Gigi Hyland is strongly shared here at NCUA,” Johnson said of the nominees. “I appreciate President Bush’s selection of these two outstanding individuals to join the NCUA Board. The extensive experience that Rodney Hood will bring to the agency as it relates to financial services and his experience in working to make an ownership society a reality for millions of Americans will be a tremendous asset to the NCUA and America’s credit unions. Having the Board at full complement with someone of Gigi Hyland’s professional background in credit union regulation and operations will be invaluable as we focus on the safety and soundness of the nation’s credit unions. I look forward to a good working relationship with them as we maintain a safe and sound regulatory environment and empower credit unions to serve Americans from all walks of life.” The November NCUA Board meeting, which was delayed until Nov. 29 so the new board members would have a chance to get their feet wet, promises to be chock full of agenda items for the three-member board. CUNA President and CEO Dan Mica was pleased with the progression of the appointments. “We are grateful that the Senate has voted to bring the NCUA Board back to its full complement, so that it can deal most completely with the many issues facing the agency and credit unions,” he said. “CUNA is also pleased that the board now has a member with credit union experience, which will only enhance the broad and varied experience that the other two members bring to the NCUA leadership.” “The National Association of Federal Credit Unions commends the Senate for quickly confirming the nominations of Rodney Hood and Gigi Hyland. Their unique expertise will make them both excellent additions to the NCUA Board,” NAFCU said. “NAFCU looks forward to working with a full Board again as we continue advancing critical issues on behalf of federal credit unions.” [email protected]

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