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NCUA's Hyland to step down Oct. 5

In a letter to President Obama, NCUA Board Member Gigi Hyland tendered her resignation effective Oct. 5. Hyland wrote, "It has been an honor to serve our country to protect the safety and soundness of nearly 7,000 federally insured credit unions and over 93 million credit union members. I am leaving NCUA confident that today, and for the foreseeable future, credit unions will continue to play a vital role in providing consumers quality, lower-cost financial products and services.”

Hyland was appointed to the NCUA board in November of 2005 for a six-year term. That term ended in August 2011, however a new board member has not been appointed and Hyland agreed to stay on longer. She says that she is taking time off before deciding what she will do in the future.

Before coming to the NCUA, Hyland was a vice president with CUNA for five years and a credit union advocate and attorney for 14 years. You can read more about Hyland's departure on the NCUA's webpage.