January 15, 2020

CUAC applications open until Feb. 27

CFPBThe CFPB is currently accepting applications from credit union leaders who wish to serve on its Credit Union Advisory Council (CUAC). CUAC and the CFPB's other advisory councils meet throughout the year to provide feedback to the bureau on consumer financial issues and industry trends. 

The council is currently comprised of seven members from credit unions with $10 billion or less in assets who serve staggered, two-year terms.

The NAFCU-member representatives who currently serve on CUAC include:

  • Sean Cahill, president and CEO of TrueSky Credit Union (Oklahoma City, Okla.), serving the second year of his term and this year as CUAC's chair;
  • Arlene Babwah, vice president of risk management at Coastal Federal Credit Union (Raleigh, N.C.), serving the second year of her term; and
  • Rick Durante, vice president and director of corporate social responsibility and government affairs at Franklin Mint Federal Credit Union (Chadds Ford, Pa.).

Last year, the committee covered a number of key credit union topics, including the Home Mortgage Disclosure Act, the CFPB's regulatory agenda, and faster payments. For information on the application process and qualifications visit the CFPB's website.

Those interested in serving on CUAC are encouraged to contact NAFCU Director of Regulatory Affairs Ann Kossachev for more information and assistance applying.

NAFCU will continue to work closely with the CFPB, CUAC, and other stakeholders to share feedback from member credit unions and provide insights into regulatory and legislative developments.