Obama Nominates John Herrera to NCUA Board

President Obama announced Wednesday the nomination of John A. Herrera to fill the open seat on the NCUA board, vacated by former NCUA Chair Debbie Matz.

Herrera co-founded the state-chartered Latino Community Credit Union in 2000, now serveing as vice chair of the Board. It has since become the largest Latino-focused credit union in the country, with 62,203 members and more than $216 million in assets.

Herrera was recognized by the White House as an Immigrant Innovator Champion of Change in 2013, previously serving as commissioner on the North Carolina Credit Union Commission. Herrera received a bachelor’s degree from the University of Delaware and a graduate degree from North Carolina State University.

NCUA Board Chairman Rick Metsger and Board Member Mark McWatters issued a statement welcoming Herrera, with Chair Metsger expressing hope for a quick nomination process in the Senate, which is scheduled to adjourn Monday until after Labor Day.

In other NCUA Board news, the next meeting is scheduled for Thursday, July 21, with the NCUA 2017-2021 Strategic Plan, Board Briefing on mid-2016 budget and Share Insurance Fund Quarterly Report scheduled for consideration.

Questions about this story? Contact Eric Horvath: 503.350.2222, ehorvath@nwcua.org.

Posted in Advocacy News, Federal, NCUA, NWCUA.