NCUA Announces Personnel Changes, General Counsel Bob Fenner to Retire

Posted by Marissa Anema Thursday, June 23, 2011 2:36:00 PM

ALEXANDRIA. Va. - After 30 years of dedicated service at the agency, NCUA General Counsel Robert (Bob) Fenner has announced that he will retire on August 1. Fenner's vacated post at the NCUA will be filled by current Deputy General Counsel Michael McKenna.

"Working with every administrator, chairman and board member in NCUA's history, Bob Fenner has provided invaluable counsel and extraordinary leadership in building and guiding the agency's legal framework, regulatory policy and ethics program since 1974," said NCUA Chairman Debbie Matz of Fenner's role at the agency. "Bob's dedication, loyalty and reputation are unsurpassed. It is hard to imagine NCUA without him."

The agency also announced other senior personnel changes, including Melinda A. Love, director of the Office of Examination and Insurance (E&I), replacing Larry D. Fazio as NCUA's deputy executive director until her retirement in December, Fazio taking over as director of E&I director, and the Office of Capital Markets becoming a division of E&I.

Commenting on Love and Fazio, Matz added, "This switch will ensure experienced leadership is in place to successfully accomplish the agency's mission, creating a seamless transition and continuous oversight of our most critical functions. A proven leader, Larry brings an extraordinary wealth of experience to the position that will benefit the agency and the credit union industry."

The NCUA Board also voted to realign the Office of Capital Markets as a new, third division within E&I. This critical office has become increasingly involved in proposed rulemakings, policy statements, guidance, training and other activities. The organizational change will better integrate all examination program activities within one office and facilitate the establishment of consistent national standards for credit unions.

To read the press release in full click here.

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