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CU System
Ex-NCUA Chairman Johnson takes on Iowa CU oversight
DES MOINES, Iowa (2/9/11)--Iowa's state credit union regulator, the
Click to view larger image In this 2005 photo, former Office of Thrift Supervision Acting Director Richard Riccobono; former NCUA Chairman JoAnn Johnson; and former Texas Department of Banking Commissioner Randall James prepare to testify during a House subcommittee on financial institutions and consumer credit hearing on financial services regulatory relief. (CUNA archive photo)
Iowa Division of Credit Unions (IDCU), will soon be led by former National Credit Union Administration Chairman Joann Johnson. Johnson served the NCUA for a total of six years starting in 2002, and led the agency for her final four years. Johnson previously served in the Iowa State Senate, chairing both the Iowa State Senate's Ways and Means and Commerce Committees during her time there. Upon becoming the new Iowa credit union regulator Johnson said in a statement she will "work tirelessly to ensure that the interests of the more than 785,000 members of Iowa credit unions are protected through thorough analysis and evaluation." Iowa Credit Union League CEO/President Patrick Jury in a release said that he is confident that the former NCUA head will be successful in her new position, adding that the league looks forward to working with her. James Forney announced his retirement as head of IDCU Monday. The National Association of State Credit Union Supervisors thanked Forney for his service, both to that organization and for his regulatory career. The group added that NASCUS is eager to work with Johnson "as she joins the state regulatory community."


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