ALEXANDRIA, Va. (4/24/13)--James Hagen will serve as the National Credit Union Administration's new Inspector General effective June 1, the agency announced on Tuesday.
Hagen will succeed the retiring William DeSarno.
NCUA Chair Debbie Matz said in a release that Hagen, who is the NCUA's deputy inspector general for audit, "is a dedicated and well-qualified public servant who will assume a very important role at NCUA." Hagen's "deep knowledge of financial services issues, background as an inspector general and familiarity with NCUA's operations make him ideally suited for this new role," she added.
Hagen has worked with the agency since 2005. He has also served in the inspector general's offices of the U.S. Postal Service, the Social Security Administration, and the Treasury Department, the NCUA said.
DeSarno will retire after 16 years with the NCUA, and more than 44 years of overall government service. NCUA board member Michael Fryzel said DeSarno "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."
Matz also hailed DeSarno's work during the financial crisis. "His accurate insights and careful analysis of complex issues will benefit NCUA and credit unions for many years to come," she said.
For the full NCUA release, use the resource link.