The Council of Federal Home Loan Banks has named Ryan Donovan as its next president and chief executive.
The trade organization announced that Donovan, who joined the Credit Union National Association in 2007 as vice president of regulatory affairs and currently works as its executive vice president and chief advocacy officer, will begin his new roles on Sept. 6. He succeeds John von Seggern, who according to his
“Ryan brings almost two decades of advocacy and association experience that will help the council and its banks effectively deliver a unified advocacy message to policymakers in Washington,” Dan Moore, chairman of the council, said in a press release Monday.
The Federal Home Loan Bank System was created through the Federal Home Loan Bank Act of 1932 with the intention of bolstering community investment and mortgage lending activity. The system is composed of 11 regional banks that account for more than 6,600 members who represent banks, credit unions, insurance companies and community development financial institutions within the U.S.
“The Federal Home Loan Bank System plays a crucial role in the housing finance system and helps ensure community banks, credit unions and insurance companies can be there for their customers and members,” Donovan said in the release.
