NCUA board nominee John Herrera, a Costa Rican immigrant, has been heralded as an entrepreneur who has given back to his community as an innovator, trailblazing local politician and credit union official.
But in this politically charged atmosphere, that doesn't mean his nomination will sail through the Senate, where nothing happens easily these days. And his credit union's affiliation with the Center for Responsible Lending – which has been targeted by some conservatives – could also lead to problems.
Herrera is the SVP for Latino and Hispanic Affairs for Self-Help Credit Union, a Durham, N.C.-based credit union with almost $738 million in assets. He has been an alderman in Carrboro, N.C., and has served on the board of the Latino Community Development Center in Durham since 2001. He co-founded the state chartered Latino Community Credit Union in 2000.
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