Hampel is often quoted in the media and has testified numerous times before Congress.

"Bill has deep and broad knowledge and understanding of CUNA's top advocacy issues and operations of the organization. He has demonstrated an ability to bring that background to bear in making decisions in the best interests of our members," said CUNA Chairman Dennis Pierce. "During this interim period between CEOs, I expect CUNA and its members will have a steady hand at the helm."

Cheney fully endorsed Hampel as interim CEO.

"I've worked with Bill on a host of issues affecting the credit union system at large and policy issues specifically. Bill understands intuitively what credit unions need and want; I fully endorse his selection to oversee CUNA's efforts during the interim period," said Cheney.

Prior to joining CUNA, Hampel was an assistant professor of economics at the University of Montana at Missoula and a staff member at the $58 billion Navy Federal Credit Union in Virginia.

He has also served on the board of directors for Great Wisconsin Credit Union, formerly known as CUNA Credit Union, from 1991 to 2003, and held the board chair position from 1999 to 2001. He was also a member of the National Cooperative Bank board, which supports the nation's cooperatives and their members, specifically in low-income communities.