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News Now

Washington
NCUAs Skiles to retire Marquis to succeed
ALEXANDRIA, Va. (12/3/08)—National Credit Union Administration (NCUA) Executive Director Len Skiles is retiring as of year-end and will be succeeded in that position by David Marquis, who is currently the director of the agency’s Office of Examination and Insurance. The NCUA announcement followed, by a day, an unscheduled closed meeting Monday. While that meeting addressed a personnel matter, it was not specified that the meeting was held to discuss the executive director position. Credit Union National Association President/CEO Dan Mica said of the transition: “For nearly 40 years, Len Skiles provided dedicated service to NCUA with an eye toward maintaining the strength and independence of the agency. “We may have stood on different sides of issues at times, but he always respected our right and obligation to express our views with him in pursuit of credit unions’ best interests. “We wish him only the best in future endeavors.” Mica added CUNA’s congratulations to Marquis, and said CUNA looks forward to working with the new executive director after the first of the year. Skiles has been with the NCUA for 38 years, beginning his career there in 1973 as a staff attorney in the office of general counsel. Marquis began his NCUA career as an examiner in Baltimore in 1978. During his time with the agency, Marquis has served as a supervisory examiner, associate regional director, and regional director as well as deputy director of the Office of Examination and Insurance. NCUA Chairman Michael Fryzel called Skiles “an integral part of NCUA for most of its history” and added that “he will leave behind a legacy of excellence.” Part of that legacy has been an abundance of exceptionally talented staff, Fryzel said. "That," he added, "is one of the reasons why NCUA will continue to perform at a high-level with Dave Marquis at the ED helm.” “The turbulent financial times call for a steady, seamless transition, and Dave Marquis’ direct oversight of NCUA’s supervision programs, combined with his close work with the outgoing ED, make him the ideal replacement,“ Fryzel said.


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