CUNA Senior Vice President Mary Dunn said Monday the White House is unlikely to appoint a replacement for NCUA Board Member Gigi Hyland this year.
President Obama's first choice to replace Hyland failed in March when District Government Employees Federal Credit Union CEO Carla Decker withdrew her nomination after the publication of her $46 million credit union's exam records.
A board member was banned by the NCUA for leaking the records.
Hyland's term expired in August 2011.
“Conventional wisdom” says Obama won't appoint anyone until after the election, Dunn said.
A congressional recess appointment like the one that placed Consumer Financial Protection Bureau Director Richard Cordray in his position “could be a possibility,” Dunn said.
The CUNA deputy counsel acknowledged that Senate Republicans would be unlikely to support a two-person Democratic majority on the NCUA board.
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