Gov. Sam Brownback’s office said late Wednesday it was naming a Kansas Credit Union Association official to be the state’s next regulator.
A news release from Brownback’s office said Jerel Wright’s appointment as administrator of the Kansas Department of Credit Union must be confirmed by the Kansas Senate. He would serve a four-year term.
Wright, who holds certification as a credit union compliance expert and is a 1979 graduate of Washburn University, replaces John Smith, who has served in the post since 2006.
“I will be there until the end of August,” Smith said in a phone interview Wednesday. “Jerel and I are talking because we want to coordinate this hand-off … when it comes to the safety and soundness of credit unions.”
Smith, 76, said his most recent four-year term officially ended Dec. 31, but he was asked to remain in the position for awhile longer.
“I would have stayed if I was asked to, but that’s the way the political system works,” he said.