NASCUS Announces Resignation of John J. Kolhoff from the Board of Directors

NASCUS Announces Resignation of Texas Commissioner John J. Kolhoff from the Board of Directors

ARLINGTON, VIRGINIA – The National Association of State Credit Union Supervisors (NASCUS) announces today that Texas Credit Union Commissioner John J. Kolhoff will resign from the NASCUS Regulator Board of Directors following his departure from the Texas Credit Union Department effective on July 15, 2022.

Kolhoff has been a longtime NASCUS Board Member, serving as Chairman and Treasurer of the Board of Directors, as well as Chairman of NASCUS’s Foundation, and the National Institute for State Credit Union Examination (NISCUE). In addition, Commissioner Kolhoff also participated on several NASCUS committees, including:

• Performance Standard Committee
• Education Committee
• Legislative and Regulatory Affairs Committee
• Risk-Based Capital Task Force
• Interstate Branching Working Group

“On behalf of the leadership and staff, I wish to extend our sincere gratitude for John’s many years of dedicated service with NASCUS,” commented NASCUS President and CEO Brian Knight. “John has been a committed advocate for the state system. His passion and vision have contributed immeasurably to NASCUS’s success and to the vibrancy of the state systems he supervised.”

In addition to his many roles at NASCUS, Kolhoff has served as the NASCUS senior principal representative to the Financial and Banking Information Infrastructure Committee (FBIIC) and represented the organization on the Federal Financial Institutions Examination Council’s (FFIEC) Information Sharing Task Force due to his expertise with cybersecurity. Additionally, Kolhoff is a member of the Joint NCUA-SSA Supervisory Group, through which the Texas Credit Union Department is participating in the Alternating Examination Pilot.

With oversight of 174 Texas credit unions with approximately $57.9 billion in total assets, Mr. Kolhoff was appointed Texas Commissioner on December 3, 2018. Previously, Kolhoff served in various roles at the Michigan Department of Insurance and Financial Services over a 24-year career from 1994 – 2018. He started in the Banking Division and eventually moved to the Credit Union Division gaining extensive experience in depository institution analysis, information technology, and the risk-based examination process. As Director of the Office of Credit Unions, Kolhoff was responsible for the safety and soundness supervision of 138 state-chartered credit unions with approximately $50 billion in aggregate assets.

The Credit Union Commission has initiated the plan for succession as outlined in its policy manual. Deputy Commissioner Robert W. Etheridge will assume the role of Interim Commissioner as of July 16, 2022, until the position is filled.