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The NCUA on Monday paid tribute to former U.S. Senator Roger Jepsen, who chaired the board of the independent federal agency for eight years.
Republican Sen. Jepsen died Nov. 13. He was 91.
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"I, along with the NCUA family, were saddened to hear the news of Senator Roger Jepsen," NCUA Chairman Rodney E. Hood, said in a prepared statement. "He was well-liked and respected in the credit union community."
Sen. Roger Jepsen Sen. Jepsen will be missed, and the thoughts and prayers of past and present NCUA employees are with his family and loved ones, Hood added.
He was appointed NCUA chair by President Ronald Reagan in 1985 and continued to serve in that role until 1993.
He led the agency during a period of great change, overseeing more than 14,000 credit unions nationwide, the conversion of more than 400 state-chartered credit unions to federal insurance coverage, and the adoption by the agency of the CAMEL rating system, the NCUA said.
Before his appointment to the NCUA, Jepsen served in the Senate from 1979 to 1985. Jepsen also served as a member of the Iowa Senate, as Lieutenant Governor of Iowa.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
