AUSTIN, Texas–The Texas Credit Union Department has named Michael Riepen as its new commissioner.
Prior to his recent retirement, Riepen served as the department’s director of examination support. Prior to that, he served as president and CEO of Texas DPS Credit Union for 26 years, according to the Cornerstone Credit Union League.
Riepen replaces former Commissioner John Kolhoff, who left to become SVP-policy and supervision with the National Association of State Credit Union Supervisors (NASCUS).
"Credit unions play a very important role in the Texas economy, and the department helps ensure the credit union system is best positioned to meet the challenges of the moment and of the future,” said Riepen. “I know firsthand the commitment of our staff to our mission, and I want to thank the Credit Union Commission for this opportunity."
Added Credit Union Commission Chair Jim Minge, president and CEO of Texas Trust Credit Union, "Mr. Riepen is uniquely qualified to lead the Department given the breadth and depth of his knowledge about the credit union system and his keen sense of emerging issues in the financial services marketplace."
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