TRANSITIONS: In CA, Alvarez steps down; in PA, retirement (and new CEO) for NBCU

(June 18, 2021)Manuel P. (“Manny”) Alvarez, commissioner of the California Department of Financial Protection and Innovation (since March 2019) is stepping down today. According to press reports, he wants to “turn his attention to other areas.” The office of Gov. Gavin Newsom (D) said Chief Deputy Commissioner Chris Shultz – who supervises the agency’s business operations – will be named acting commissioner … Meanwhile, congratulations to Ben Young, the new CEO of Norristown Bell CU in Blue Bell, Pa.; he replaces long-time CEO Helen Edwards, who is retiring. Helen was very active in NASCUS policy positions, and an ardent supporter of the state system.