Mulvaney Appoints CFPB Credit Union Advisory Council
A new CFPB Credit Union Advisory Council, which takes the member count from 17 to seven, is announced.
CFPB Acting Director Mick Mulvaney on Friday appointed seven members to the agency’s reconstituted Credit Union Advisory Council.
Appointed for one-year terms were:
- Arlene Babwah, Vice President Risk Management, Coastal Federal Credit Union in Raleigh, N.C. The credit union has almost $3.1 billion in assets.
- Sean Cahill, President & CEO, Southwest 66 Credit Union in Odessa, Tx., a credit union with about $85 million in assets.
- Teresa Campbell, President & CEO, San Diego County Credit Union in California, a credit union with about $8 billion in assets.
- Christopher Court, Vice President, Accounting & Operations, Service 1st Federal Credit Union in Danville, Pa. The credit union has $376 million in assets.
- James Hunsanger, Chief Risk Officer, Michigan State University Federal Credit Union in East Lansing, a credit union with $4.1 billion in assets.
- Bryan Price, President & CEO, Indiana University Credit Union in Bloomington, a credit union with almost $986 million in assets.
- Rick Schmidt, President & CEO, WestStar Credit Union in Las Vegas, a credit union with $174 million in assets.
Mulvaney also appointed members to the agency’s consumer and community bank advisory boards.
Mulvaney disbanded the previous credit union group and fired its members in June. At the same time, he disbanded community bank and consumer advisory panels. Members of those panels had been appointed by former CFPB Director Richard Cordray.
The new charter called fox six members, but seven were appointed.
Under Cordray, the council had a minimum of 15 people and a maximum of 20. Members could serve two-year terms, under the Cordray charter.
When the credit union group was disbanded, it had 17 members.