COLUMBIA, Md.--Maryland Governor Larry Hogan has appointed Rod Staatz, president and CEO of Maryland’s largest credit union, SECU, to the Maryland Financial Consumer Protection Commission, providing credit unions with representation on the 11-member panel. Created by the General Assembly, the commission monitors changes to federal financial laws, regulations, budgets and policies, and issues recommendations for federal and state actions to protect consumers.
With over 40 years of experience in the financial services industry, Staatz has led SECU since 2003. SECU is a $3.4 billion credit union with over 247,000 members. Staatz served as immediate-past Chairman of the Credit Union National Association, and serves on the Board of the MD|DC Credit Union Association.
“We appreciate Governor Hogan’s appointment of Rod to the Commission, and are confident he will be an effective advocate for the 1.8 million Marylanders who are credit union members,” said John Bratsakis, president/CEO, MD|DC Credit Union Association. “The panel will greatly benefit from Rod’s expertise, insight and understanding of the impact regulations have on consumers. Rod is a strong proponent of commonsense regulation, instead of a one-size-fits-all approach, as the best way to ensure the financial well-being of credit union members and consumers.”
The commission is authorized through June 30, 2019.