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Hank Halter, a current board member at Delta Community Credit Union, has been named interim president/CEO effective Jan. 1 while the $4.3 billion cooperative continues its search for a permanent successor to replace retired CEO Rick Foley.

Retirement plans and paying off the mortgage have traditionally gone hand-in-hand as people approaching retirement anticipate eliminating a payment that typically claims the largest single chunk out of the monthly budget.

The NCUA Board will experience significant turnover in 2013 when President Obama is expected to appoint candidates to fill two out of three spots left vacant by Gigi Hyland, who resigned in October 2012, and Michael Fryzel, whose term ends Aug. 2, 2013.

According to industry veteran John McKechnie, who was working on Capitol Hill back in 1986, the last time credit union tax exemption was on the Congressional chopping block, a volatile environment on Capitol Hill means credit unions should be vigilant when it comes to protecting their tax-exempt status in 2013.

It seems likely that 2013 will contain two distinct aspects for credit union mortgage programs. On the one hand, it seems certain that credit unions will continue to take a greater share of the overall mortgage market.

The fight to increase the current 12.25% member business lending cap has been a long and arduous one.