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News Now

Washington
Changes at NCUA include GC Fenners retirement
ALEXANDRIA. Va. (6/23/11)--After 30 years dedicated to service at the National Credit Union Administration (NCUA), Robert (Bob) Fenner has announced that he will retire from the agency on August 1. “Working with every administrator, chairman and board member in NCUA’s history, Bob Fenner has provided invaluable counsel and extraordinary leadership in building and guiding the agency’s legal framework, regulatory policy and ethics program since 1974,” said NCUA Chairman Debbie Matz of Fenner’s role at the agency. “Bob’s dedication, loyalty and reputation are unsurpassed. It is hard to imagine NCUA without him.” Credit Union National Association (CUNA) General Counsel Eric Richard, upon hearing the announcement, said of Fenner: "For more than three decades, Bob has been a devoted public servant who has played a vital in the regulation of credit unions. “He has seen many stages in the growth of credit unions in the United States and is widely respected around the movement. I am sure I speak for credit union lawyers around the country in wishing him every success in his future endeavors." Richard added that Fenner’s influence on NCUA legal matters has been significant. Fenner’s vacated post at the NCUA will be filled by current Deputy General Counsel Michael McKenna, who, Matz said, has the “intellect, creativity and leadership skills” needed to meet the challenges of the job. “He has big shoes to fill, but I am confident he will do so splendidly,” she said. CUNA’s Richard noted that CUNA looks forward to working with McKenna as credit unions continue to grapple with critical issues involving NCUA. Other senior personnel changes announced by the agency include:
* Melinda A. Love, director of the Office of Examination and Insurance (E&I), will replace Larry D. Fazio as NCUA’s deputy executive director until her retirement in December. Fazio has served as NCUA’s deputy executive director since May 2008; * Fazio will take over as director of E&I director; and * The Office of Capital Markets, directed by J. Owen Cole, Jr., will become a division of E&I.
The agency explained the realignment of the Office of Capital Markets, to become a third division within E&I, this way: The organizational change will better integrate all examination program activities within one office and facilitate the establishment of consistent national standards for credit unions.


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