NCUA Board Welcomes Herrera Nomination

ALEXANDRIA, Va. (July 13, 2016) – National Credit Union Administration Board Chairman Rick Metsger and Board Member J. Mark McWatters both issued statements welcoming President Barack Obama’s intent to nominate John Herrera of North Carolina to the NCUA Board:

“I congratulate John Herrera and hope the Senate acts quickly on his nomination,” Metsger said. “John’s experience creating the Latino Community Credit Union and at Self-Help Services will broaden the Board’s perspective and strengthen its ability to fulfill the mandate of the Federal Credit Union Act, including serving persons of modest means. I look forward to working with him to protect the deposits of America’s more than 103 million credit union members, and to expand the availability of not-for-profit cooperative financial services to unbanked and underbanked communities.”

“I congratulate John Herrera on his selection by President Obama to serve on the NCUA Board,” McWatters said. “John’s experience in working with underserved communities and involvement in creating a thriving credit union will provide much value to NCUA, federally insured credit unions and all credit union members. I wish him success as he proceeds through the nomination and confirmation process.”

Herrera is vice president of Latino and Hispanic affairs for Self-Help Services, a non-profit community development financial institution. Herrera also was a cofounder of the Latino Community Credit Union in 2000 and serves as vice chairman of the credit union’s board. It has become the largest Latino-focused credit union in the country, with 62,203 members, 11 branches, and $216.8 million in assets.

In 2013, Herrera was recognized by the White House as an Immigrant Innovator Champion of Change. From 2003 to 2010, he was a commissioner on the North Carolina Credit Union Commission. Herrera received a bachelor’s degree from the University of Delaware and a graduate degree from North Carolina State University.