The NCUA announced Monday the retirement of Executive Director David Marquis, who will complete his 34-year career with the agency at the end of this year.
"It is difficult to imagine this agency without Dave," NCUA Board Chairman Debbie Matz said. "Over the course of his career, Dave initiated many of the changes that enabled NCUA to protect the safety and soundness of the increasingly sophisticated credit union industry. Dave's foresight and diligence transformed NCUA's exam process to ensure that examiners have the requisite expertise, tools and training, and that exams are thorough and effective."
Since starting his career at NCUA in 1978, the credit union industry's total assets grew 1,860%, from $51.4 billion to more than $1 trillion. Marquis also worked to ensure the stability of credit unions and the industry through five recessions.
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