ARLINGTON, Va.–NAFCU has announced results of its recent board elections.
New board member Eli Vazquez, president and CEO of Bank-Fund Staff FCU in Washington, will serve an At-Large seat for a two-year term, while incumbent Brian Schools, president and CEO of Chartway FCU in Virginia will serve an Eastern Region seat for a three-year term.
Four candidates ran uncontested, officially winning their seats:
- Karen Rosales, president/CEO, Arlington Community FCU in Virginia, won the At-Large three-year seat.
- Keith Sultemeier, incumbent and president/CEO of Kinecta FCU in California, has won the Western Region three-year seat
- Stephanie Sherrodd, president/CEO of Sandia Laboratory FCU in New Mexico, won the Western Region one-year seat
- Lonnie Nicholson, incumbent and president/CEO, of EECU in Texas, won the Southern Region three-year seat.
Senate Confirms Thompson to Lead FHFA
Separately, the Senate has confirmed Sandra Thompson as director of the Federal Housing Finance Agency by a 49-46 vote.
Thompson has served as acting director since June 2021.
“Congratulations to Director Thompson on her confirmation, and we look forward to continued engagement with her and FHFA on ensuring credit unions continue to have a place in a durable housing finance system,” said CUNA President/CEO Jim Nussle.
Thompson was nominated as permanent FHFA director in December, and previously was deputy director of the FHFA’s Division of Housing Mission and Goals.
‘Uniquely Well-Suited’
"ACUMA congratulates Sandra Thompson on her confirmation at Director of the Federal Housing Finance Agency,” said American Credit Union Mortgage Association CEO Peter Benjamin. “In her capacity guiding the Agency, Ms. Thompson will play a central role in the oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Bank System, which in turn underpins the Nation's $7.2 trillion mortgage finance market. Ms. Thompson is uniquely well-suited for this position, given the breadth and depth of her knowledge of housing finance policy, as well as her administrative experience at FHFA. Credit unions should have a great degree of confidence that there is a steady hand at the wheel at FHFA, and we wish her well."