Sept. 29, 2022 — The National Association of State Credit Union Supervisors (NASCUS) welcomes new Texas Credit Union Commissioner Michael Riepen, beginning Oct. 1, 2022. Mr. Riepen formerly served as the Department’s Director of Examination Support. Before that, he served as President and CEO of Texas DPS Credit Union for 26 years. He holds an MBA in Finance from the University of Missouri-Columbia.
“NASCUS would like to congratulate Mr. Ripen on his new role within the Texas Credit Union Department. He brings a wealth of credit union regulatory experience,” commented Brian Knight, NASCUS President and CEO. “We look forward to working side by side with him to positively enhance the state system regulatory environment.“
“I am honored to accept this position and build on the achievements of those leaders that have come before me, Riepen commented. “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. I know firsthand the commitment of our staff to our mission, and I want to thank the Credit Union Commission for this opportunity.”
The Credit Union Department is the state agency charged with supervising, regulating, and examining Texas State-chartered credit unions to safeguard the public interest, protect the financial interest of credit union members, and promote public confidence in credit unions. Riepen replaces former Commissioner John Kolhoff, now the NASCUS Senior Vice President of Policy and Supervision.
Credit Union Commission Chair Jim Minge noted, “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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