The NCUA announced Tuesday a change of guard in the Inspector General's office with the retirement of current IG William DeSarno and the selection of current Deputy Inspector General for Audit James Hagen as his replacement.
Hagen will take over the IG position effective June 1, the agency said.
“Jim Hagen is a dedicated and well-qualified public servant who will assume a very important role at NCUA,” said NCUA Board Chairman Debbie Matz.
“The Inspector General not only holds the agency accountable, but this office regularly identifies ways to improve how the agency does its work,” Matz said in a statement. “Jim's deep knowledge of financial services issues, background as an inspector general and familiarity with NCUA's operations make him ideally suited for this new role,” she said.
NCUA Board Member Michael Fryzel also welcomed Hagen to his new position.
“I believe Jim Hagen will be an excellent Inspector General for NCUA,” Fryzel said. “He brings a wealth of knowledge and experience to the position. Working with him in the past, I have found that he maintains the independence of that office while offering solid and constructive suggestions on how the agency can improve its operations and do a better job.
Hagen joined NCUA in 2005. In his current position, he is responsible for auditing and evaluating the business programs, as well as the safety and soundness of federal credit unions and the NCUSIF. He is also responsible for the agency's Financial Statement Audit, Federal Information Security Management Act reviews and material loss reviews of liquidated credit unions.
DeSarno will retire after 16 years with NCUA, the last eight years as Inspector General. He has logged more than 44 years of government service in his career.
“Bill DeSarno has had an outstanding career at NCUA and has earned the respect of the entire Washington, D.C., Inspector General community,” Fryzel said.
“He has handled a tough job in a fair, consistent and independent manner. His efforts to modernize and make the Inspector General's office more responsive and involved in improving the agency are well recognized,” the NCUA Board member said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
