There, he has had responsibility for the oversight of federally insured credit unions in Connecticut, Maine, Massachusetts, Michigan, Nevada, New Hampshire, New York, Rhode Island and Vermont.

“Mark Treichel brings a wealth of experience to the position of NCUA executive director,” Board Member Michael Fryzel said. “Having served in numerous positions of importance as he rose through ranks in the agency, he has gained a wealth of knowledge about credit unions, their regulations and successful management.

“He is a smart, dedicated and insightful individual. I am confident that Treichel will provide a fresh direction to the organization and I look forward to working with him in making NCUA the best federal financial regulator.”

Treichel joined the NCUA as an examiner in 1986 in Minneapolis. He quickly moved up through the ranks, becoming problem case officer in 1990 and a supervisory examiner in 1991. Starting in 1995, Treichel served as director of special actions in Concord, Calif.

He also had a stint as acting risk management director in 1998 in the Office of Examination and Insurance, before becoming associate regional director of operations in Region I later that year.

“Mark has gained the respect of his peers and industry as he has successfully handled some of the toughest tasks facing the agency in recent years,” Matz said. “These matters include stepping up to serve as acting director of the Office of Corporate Credit Unions in 2009 during a time of turmoil and leading the group that worked with Barclays to create and sell the NCUA Guaranteed Notes, an integral part of the Corporate Resolution Plan that securitized the legacy assets of the five failed corporates.”

Treichel will assume his new role Dec. 30 and replace Marquis, who retires at the end of 2012.