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NCUA's Hagan Becomes IG As DeSarno Retires
ALEXANDRIA, Va. (6/3/13)--National Credit Union Administration Inspector General William DeSarno announced his retirement Friday after completely nearly 45 years of public service.

NCUA Chair Debbie Matz announced that James Hagen, the agency's current deputy Inspector General for Audit, would assume the Inspector General's position over the weekend--effective June 1.

Matz praised DeSarno's service, saying, "Bill DeSarno built a long and distinguished career in public service, holding positions demanding the highest levels of public trust.  He has been consistently diligent and independent, always looking for ways to improve the performance of his office and the agency. He has handled complex issues with skill and integrity. His many insights and investigations have improved the operations of NCUA and ensured that credit unions remain a safe place to save and borrow."

NCUA board member Michael Fryzel also said that DeSarno's  outstanding career at NCUA earned him  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 agency's Office of Inspector General is charged with promoting the economy, efficiency and effectiveness of NCUA programs and operations and detecting  and deterring fraud, waste and abuse. It is considered integral to the NCUA's mission of monitoring and promoting safe and sound federally insured credit unions. The Inspector General conducts independent audits, investigations and other activities and keeps the NCUA and the U.S.  Congress fully and currently informed of their work.

DeSarno joined NCUA in 1997 and became the agency's Inspector General in 2005. He also has served as assistant inspector general for audits and deputy inspector general. DeSarno was the first to establish an Office of the Inspector General strategic plan, and also is known for having been involved in all aspects of his office, including planning, budget, staffing and structure.

Prior to joining NCUA, DeSarno served seven years with the U.S. Treasury Department's Inspector General's office and 18 years with the General Accounting Office, accumulating more than 14 years of management experience and more 20 years of experience supervising auditors. His government career began in the U.S. Army, including service in Vietnam.

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