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Vega to Serve as Senior Policy Advisor to Board Member McWatters

ALEXANDRIA, Va. (Sept. 3, 2014) – National Credit Union Administration Board Member J. Mark McWatters has named Sarah Vega as his Senior Policy Advisor.

Vega previously served as the Senior Policy Advisor to NCUA Board Member Michael E. Fryzel, beginning in 2009. She served as Fryzel’s Chief of Staff during his tenure as Board Chairman.

“Sarah’s experience in the credit union system, and particularly her nearly six years with NCUA, will be of enormous value to me,” McWatters said. “I look forward to getting to work and having her advice and perspective as we tackle the challenges ahead.”

Vega has an extensive background in the financial services industry as well as the legal sector. Prior to joining NCUA in 2008, Vega was a project manager and contract attorney with Hudson Legal Chicago, working in securities, mergers and product liability cases. She is a former Director of the Illinois Department of Financial Institutions. Before being named Director, Vega was the Administrator of the Department’s Credit Union Division, which regulates state-chartered credit unions. Her legal experience includes being an enforcement attorney for the Securities Department of the Illinois Secretary of State.

Vega has served on the Board of Directors of the Federal Home Loan Bank Chicago and was a member of the Board of Directors of the National Association of State Credit Union Supervisors, serving as the Association’s Chairman from 1999 to 2000.

Vega holds a bachelor’s degree in political science and a Juris Doctorate from DePaul University.

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 more than 101 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.


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