26-Year NCUA Veteran Brings Intellect, Integrity, and Insightfulness to New Role
ALEXANDRIA, Va. (Oct. 18, 2012) – National Credit Union Administration (NCUA) Board Chairman Debbie Matz today announced the selection of Mark A. Treichel as the agency’s next Executive Director, the agency’s most senior career position.
“In the more than ten years that I’ve known Mark, I’ve been deeply impressed by his intellect and integrity,” NCUA Board Chairman Debbie Matz said. “Having risen from the ranks of an examiner, Mark has developed expert knowledge of NCUA’s operations and a broad base of experience. Mark’s consistently calm, steady and resilient manner also contributes to his effective management style. He’s a true leader and the right person to take over as NCUA’s next Executive Director.”
“Mark Treichel brings a wealth of experience to the position of NCUA Executive Director,” Board Member Michael E. Fryzel noted. “Having served in numerous positions of importance as he rose through ranks in the agency, he has gained a wealth of knowledge about credit unions, their regulations and successful management. He is a smart, dedicated and insightful individual. I am confident that Treichel will provide a fresh direction to the organization and I look forward to working with him in making NCUA the best federal financial regulator.”
Since 2003, Treichel has served as the Regional Director of NCUA’s Region I office in Albany, N.Y. As Regional Director, he has had responsibility for the oversight of federally insured credit unions in Connecticut, Maine, Massachusetts, Michigan, Nevada, New Hampshire, New York, Rhode Island and Vermont.
“Mark has gained the respect of his peers and industry as he has successfully handled some of the toughest tasks facing the agency in recent years,” Chairman Matz added. “These matters include stepping up to serve as acting director of the Office of Corporate Credit Unions in 2009 during a time of turmoil and leading the group that worked with Barclays to create and sell the NCUA Guaranteed Notes, an integral part of the Corporate Resolution Plan that securitized the legacy assets of the five failed corporates.”
Treichel joined NCUA as an examiner in 1986 in Minneapolis. He quickly moved up through the ranks, becoming problem case officer in 1990 and a supervisory examiner in 1991. Starting in 1995, Treichel served as Director of Special Actions in Concord, Calif. He also had a stint as Acting Risk Management Director in 1998 in the Office of Examination and Insurance, before becoming Associate Regional Director of Operations in Region I later that year. Between 2000 and 2003, Treichel returned to Alexandria, Va., in the role of Deputy Executive Director.
The Executive Director is responsible for overseeing NCUA’s daily operations. Treichel will assume his new role Dec. 30, 2012, and replace David Marquis who retires at the end of 2012.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 96 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..