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Executive Director Mark Treichel to Retire After a Long and Distinguished Career

ALEXANDRIA, Va. (Jan 23, 2020) – National Credit Union Administration Chairman Rodney E. Hood announced today that the NCUA Board unanimously approved several changes to the agency’s leadership:

Larry Fazio Named NCUA’s New Executive Director

Examination and Insurance Director Larry Fazio will serve as the agency’s new Executive Director, the highest senior career position at the NCUA. Fazio will assume these duties on March 1.

“Larry’s knowledge and expertise are of tremendous value to the NCUA and for credit unions,” Chairman Hood said. “He was instrumental in helping the agency successfully navigate the failure of the corporate credit unions during the Financial Crisis a decade ago. He also has led efforts to not only modernize NCUA’s policies to ensure the continued safety and soundness of credit unions, but also enhance the agency’s examination program. I look forward to Larry serving in this role.”

Fazio succeeds Mark Treichel, who is retiring after more than 33 years of distinguished service at the NCUA, including the last seven as Executive Director. His retirement will become effective June 30 to allow for a smooth transition in leadership. 

“Mark’s professionalism, leadership and judgment have long benefited this agency,” Hood said. “On behalf of the entire NCUA Board, I sincerely thank Mark for his exceptional and long-standing service and life’s work to the nation’s system of cooperative credit. I know all NCUA employees will miss his guidance, and I wish him well as he enters a new and exciting chapter of his life.”

Fazio joined the NCUA in 1991 as an examiner in Chicago. During his career, he has served as a supervision analyst, a supervisory examiner in Detroit, the director of supervision in the former-Chicago regional office, and the director of risk management, the Deputy Director and Director of the Office of Examination and Insurance, and the NCUA’s Deputy Executive Director.

Fazio graduated from Lewis University with a degree in accounting, and he has a master’s degree in organizational management from The George Washington University in Washington D.C.

Rendell Jones Named Deputy Executive Director and Chief Operating Officer

Chief Financial Officer Rendell Jones has been named Deputy Executive Director and will assume these duties on Feb. 2.

Jones came to the NCUA from U.S. Citizenship and Immigration Services, where he was Associate Director for Management and served as the agency’s Acting Deputy Director from December 2013 to July 2014. Prior to that appointment, he served as USCIS’s Chief Financial Officer. He previously served as Deputy Budget Director at the Department of Homeland Security. His career in federal service began in 1996 at the Department of Justice.

Jones holds a master’s degree in public administration from North Carolina State University and a bachelor of science degree in finance from Virginia Commonwealth University. He received the Presidential Rank Medal for Meritorious Service and the Secretary’s Silver Medal for his service at the Department of Homeland Security.

John Kutchey Named Director of the Eastern Region

John Kutchey has been named Regional Director for the Eastern Region after eight years as Deputy Executive Director. He will assume his new duties on Feb. 2.

Prior to his appointment as Deputy Executive Director, Kutchey served as the agency’s Deputy Director of the Office of Examination and Insurance. Within the NCUA, he has also held positions as director of risk management and then-Region II’s director of supervision. He also served as a supervisory examiner, a problem case officer and a principal examiner. Prior to joining the NCUA, he worked for various credit unions.

Kutchey has a bachelor’s degree in business administration from the University of Baltimore.

Towanda Brooks Named Chief Human Capital Officer

Towanda Brooks, Director of the Office of Human Resources, has been named Chief Human Capital Officer for the agency. She will assume her expanded duties on Feb. 2.

Prior to coming to the NCUA in 2018, Brooks served as Chief Human Capital Officer for the Department of Housing and Urban Development. Her career includes 30 years’ service in human resources at the Department of Commerce, the National Nuclear Security Administration, the Department of Homeland Security, the U.S. Secret Service, the Department of Agriculture, and the Library of Congress.

She holds a bachelor’s degree from George Mason University in Fairfax, Virginia, and a master’s degree from The American University in Washington, D.C. She also received a professional certificate in executive leadership from Georgetown University. She received the 2017 Presidential Meritorious Rank Award.

Frank Kressman Continues to Serve as Acting General Counsel

Frank Kressman will continue to serve as Acting General Counsel while the NCUA continues its search for a permanent General Counsel.

Before today’s action, he served as Acting General Council on as part of a short-term detail. Before his selection, Kressman served as a Deputy General Counsel to the NCUA. He joined the agency in 1998 as a staff attorney. His previous experience includes work as an attorney at the Federal Deposit Insurance Corporation and the Commodity Futures Trading Commission.

Kressman holds a bachelor’s degree from Dickinson College in Carlisle, Pennsylvania, a Juris Doctor from the Gonzaga University School of Law in Spokane, Washington, and a Master of Laws degree from The American University Washington School of Law in Washington, D.C.

Linda Dent Will Continue to Serve as Acting Deputy General Counsel

Linda Dent will continue to serve as Acting Deputy General Counsel. Before today’s action, she served in this capacity as part of a short-term detail.

Dent previously served as the Associate General Counsel for Information and Access Law, where she established a new office focused on federal information laws and practices. During her NCUA career, she has also served as the Associate General Counsel for Administrative Law and the Acting Director of the Office of Minority and Women Inclusion.

Dent joined the NCUA in 2006 after a lengthy career directing and implementing compliance, financial analysis, and organizational efficiency initiatives for commercial and non-profit financial industry entities. She holds degrees from the Pennsylvania State University in State College, Pennsylvania, and the George Mason University Antonin Scalia Law School in Arlington, Virginia.