Yolles Retiring after 39 Years of Distinguished Government Service
ALEXANDRIA, Va. (Sept. 23, 2013) – National Credit Union Administration (NCUA) Board Chairman Debbie Matz today announced the selection of Myra Toeppe as Director of the agency’s Region III office.
Toeppe will assume her duties beginning Jan. 1, 2014. Region III Director Herbert S. Yolles is retiring after 39 years of government service.
“We’re fortunate to have talented people like Myra on NCUA’s management team, and she is one of the faces of the ‘New NCUA’ I’ve often talked about,” Matz said. “Myra is a highly experienced financial services regulator who started at NCUA less than three years ago. She has quickly established herself as a leader and a problem solver. I’m confident Myra’s skills and experience, combined with a dedication to excellence, will make her a terrific regional director.”
Currently NCUA’s Acting Director of Supervision in the Office of Examination and Insurance, Toeppe joined the agency in 2011 as Associate Regional Director for Operations in Region III. She came to the agency after spending almost 25 years in financial services regulation, including stints at the Office of Thrift Supervision and the Federal Home Loan Bank of Atlanta.
Toeppe holds a bachelor’s degree and an MBA from the University of Central Florida and is a graduate of the Stonier Graduate School of Banking at the University of Pennsylvania.
“Effective regulation of credit unions requires a knack for numbers, a straightforward personality and a pragmatic management style,” Board Member Michael E. Fryzel added. “Because Myra has each of these desired traits, I am certain that she will succeed in this new career challenge as she works to ensure the safety and soundness of credit unions across Region III.”
“I’m looking forward to working closely with Myra,” Board Member Rick Metsger said. “She and I have both taken new positions at NCUA during a time of opportunity and challenge for the industry. I’m confident that Myra will bring new ideas, a fresh set of eyes and a balanced approach to address the problems facing federally insured credit unions in Region III.”
As Toeppe embarks on her new management role, Yolles will retire after 35 years of service at NCUA. Yolles is one of the last full-time employees at the agency to have worked with every Board Member since Congress created the NCUA Board in 1978.
After four years with the U.S. Army Audit Agency, Yolles joined NCUA in 1978 as a Staff Accountant and has served as a Program Analyst, Director of Financial Operations, Chief Financial Officer, Director of Risk Management and President of the Central Liquidity Facility, Deputy Director of the Office of Examination and Insurance, Inspector General and Region II’s Associate Regional Director for Operations. A Certified Public Accountant, Yolles holds a bachelor’s degree from the University of Delaware and an MBA from George Mason University.
“Our deepest thanks go to Herb on his well-deserved retirement,” Matz concluded. “During more than three decades at NCUA and especially the last three-and-a-half years in Region III, Herb has truly seen it all and practically done it all. To ensure continued access to affordable financial services for millions of Americans, Herb has been tireless in his efforts to make the credit union industry safe and sound. We’ll miss him and his contributions, and we wish him all the best.”
Based in Atlanta, NCUA’s Region III presently oversees federally insured credit unions in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, Puerto Rico, South Carolina, Tennessee, and the U.S. Virgin Islands. At the start of 2014, Ohio will move to Region II, and Arkansas and Louisiana will become part of Region III.
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 United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
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.