Press
Former OFIR Commissioner Rejoins Michigan Credit Union League as EVP/COO
LANSING, MI (August 19, 2013) — The Michigan Credit Union League & Affiliates (MCUL) is pleased to announce that Ken Ross, who served as the commissioner of Michigan’s Office of Financial and Insurance Regulation (OFIR) from 2008 to 2011, has been named as the new executive vice president and chief operating officer of MCUL. OFIR is today known as the Department of Insurance and Financial Services (DIFS).
“Ken is a true professional who brings a wealth of experience and expertise that would be the envy of any organization in the financial industry,” said MCUL & Affiliates President & CEO David Adams. “As Michigan’s first chief regulator of financial institutions with a credit union background, Ken understands the industry, the challenges we face in a today’s complex regulatory environment and the services we provide in the community.”
Ross was appointed OFIR commissioner by Gov. Jennifer Granholm, a Democrat, and continued serving under Gov. Rick Snyder, a Republican. As commissioner, Ross’ accomplishments include passing a legislative package that protects Michigan consumers from mortgage fraud by requiring the registration of mortgage loan officers. He also oversaw the passage of the re-codified Michigan Uniform Securities Act that provides enhanced penalties against perpetrators of securities fraud. This is a return to MCUL for Ross, who served as vice president of regulatory and legal affairs before his time at OFIR.
“I am honored and excited to rejoin an organization whose number one focus is to preserve and promote the credit union difference,” Ross said. To keep Michigan’s financial future strong, we must also make sure ordinary families and small businesses are on solid financial footing, and credit unions across Michigan are doing that work every day in countless ways.”
Ross has a bachelor’s degree from the University of Michigan and a law degree from the Thomas M. Cooley Law School.
About the Michigan Credit Union League & Affiliates
Organized in 1934, the Michigan Credit Union League is a trade association representing credit unions statewide. Based in Lansing, the MCUL offers credit unions assistance in the areas of regulatory compliance, legislative advocacy, media advocacy and operational information. For more information, visit www.mcul.org and follow us on Facebook at www.facebook.com/MICreditUnions and on Twitter at www.twitter.com/MICreditUnions