NCUA Board Member Gigi Hyland’s term was scheduled to endTuesday, but she doesn’t have to leave.
|Hyland, a Democrat nominated by President Bush who took officeon November 10, 2005, is allowed by law to remain in office until asuccessor is sworn in.
|President Obama hasn’t nominated a new board member yet and evenwhen he does it could take several weeks or months for the Senateto confirm him or her.
|The Senate is scheduled to leave town for its summer recesslater this week and won’t return until early September. Before NCUAChairman Debbie Matz took office in 2009, Hyland was the onlymember who had had direct experience in credit unions.
|Hyland had been senior vice president and general counsel ofEmpire Corporate FCU and before that was executive director of theAssociation of Corporate Credit Unions.
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