General Counsel Michael McKenna, 30-Year Veteran, Leaves National Credit Union Administration
McKenna, who was appointed general counsel in 2011, joined the agency in 1989 as an attorney and served as senior policy adviser for two administration board members in 2001 and 2002.
November 26, 2019 at 04:22 PM
3 minute read
The original version of this story was published on Corporate Counsel
The National Credit Union Administration in Alexandria, Virginia, is suddenly searching for a new general counsel after 30-year veteran Michael McKenna said he is retiring.
Administration Chairman Rodney Hood said in a statement that McKenna "shared his decision to retire" on Nov. 19.
"During this initial transition, Frank Kressman will serve as the acting general counsel while we continue to conduct our search for the next general counsel," the statement added.
The general counsel reports to the three-person board of directors, headed by Hood.
Neither McKenna nor the agency's communications office immediately returned phone calls or emails for an interview.
The organization is an independent federal agency created by the U.S. Congress to oversee and regulate federal credit unions.
McKenna joined the agency in 1989 as an attorney, according to his bio. He served as senior policy adviser for two administration board members in 2001 and 2002. In 2003, McKenna became deputy executive director, and at the end of 2004 he was named deputy general counsel.
He was appointed general counsel in 2011. He earned $279,000 plus a $1,500 bonus in 2017, according to the latest statistics available.
Before joining the agency, McKenna served as staff judge advocate for the U.S. Army at Fort Hood, Texas, where he focused on criminal prosecutions from 1986 to 1988. He then served as assistant staff judge advocate at the U.S. Army Criminal Investigation Command in Falls Church, Virginia.
McKenna earned his law degree from American University's Washington College of Law, in Washington, D.C.
Kressman, now acting general counsel, is also a longtime employee of the agency. He joined in 1998 as a staff attorney and rose through the ranks. He was named deputy general counsel 10 months ago.
The office of general counsel duties include representing the agency in litigation, executing administrative actions, and interpreting the Federal Credit Union Act and the agency's rules and regulations, according to the agency's annual report to Congress last year.
In addition, it also processes Freedom of Information Act requests, advises the board and the agency on general legal matters and maintains the agency's records management program. The general counsel's office also drafts regulations designed to ensure the safety and soundness of credit unions.
McKenna's departure is the second major change for the agency this year. In April, Hood replaced former board chairman Mark McWatters as chairman after McWatters stepped down and became a board member. Both men were appointees of President Donald Trump.
McWatters, who lives in and worked from Dallas, had been heavily criticized and investigated by the agency's inspector general for extravagant travel and entertainment expenses, including an $11,000 first-class trip to Vienna, Austria, and a $10,000 first-class trip to Barcelona, Spain. No actions were taken against him and he did reimburse some of the expenses.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllAuditor Finds 'Significant Deficiency' in FTC Accounting to Tune of $7M
4 minute read'A World of Credit': Ex-FTX Executive Gary Wang Sentenced to Time Served Following Cooperation
'We’re Here to Empower People to Make Good Decisions': Why Compliance Chiefs Must Learn to Think Like a Businessperson
Trump's SEC Likely to Halt 'Off-Channel' Texting Probe That's Led to Billions in Fines
Trending Stories
- 1Democratic State AGs Revel in Role as Last Line of Defense Against Trump Agenda
- 2Decision of the Day: Split Circuit Panel Bars Enforcement of Ivory Law's 'Display Restriction' on Antique Group Members
- 3Chiesa Shahinian Bolsters Corporate Practice With 5 From Newark Boutique
- 42 Years After Paul Plevin Merger, Quarles & Brady’s Revenue Up More than 13%
- 5Trade Fixtures In New York Eminent Domain Cases - What Qualifies and How Are They Valued?
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250