ALEXANDRIA, Va. (2/1/10)— Elizabeth Whitehead has been named as National Credit Union Administration Region V Director, with supervisory oversight of 480 federal credit unions with $57.6 billion in combined assets. Whitehead is currently NCUA Associate Regional Director, Programs, in Region I. She joined NCUA as a district examiner in 1988, and also has served as a senior supervision analyst and principal examiner. Prior to federal service, Whitehead was CEO of Hurlbut Employees FCU in South Lee, Mass. Region V covers Alaska, Arizona, Colorado, Hawaii, Idaho, Montana, New Mexico, Oregon, Utah, Washington, and Wyoming and Guam. Whitehead replaces Jane Walters, who has served as acting regional director since March 2009 and now returns to her position as Region II Director. NCUA Chairman Debbie Matz said in a release, "I am extremely pleased that the NCUA board selected Liz Whitehead as Region V director. Her varied and substantive body of regulatory experience, common-sense approach to problem solving, and demonstrated ability to assemble and direct talent makes her an ideal candidate for this position."