The soon-to-be two-person NCUA Board plans to name a successor to retiring Executive Director David Marquis in November, Chairman Debbie Matz told Credit Union Times late Tuesday.

The new executive director will probably be promoted from within the agency, she said. The NCUA Board can, but is not required to place an advertisement to recruit outside candidates, she added.

"I suspect we will make a decision from the candidates we have internally," Matz said, adding that the board already has some candidates in mind. However, Matz would not reveal who is included in the group.

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