Statement on the Passing of Roger Jepsen, Former Chairman of the NCUA

ALEXANDRIA, Va. (Nov. 16, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement upon learning of the passing of former NCUA Chairman Roger Jepsen.

I, along with the NCUA family, was saddened to hear the news of Senator Roger Jepsen. He was well-liked and respected in the credit union community.

Senator Jepsen had a distinguished career that included serving as a member of the Iowa Senate, as Lieutenant Governor of Iowa, and as United States Senator from Iowa. He was appointed Chairman of the NCUA by President Reagan in 1985 and continued to serve in that role until 1993.

He led the agency during a period of great change, overseeing more than 14,000 credit unions nationwide, the conversion of more than 400 state-chartered credit unions to federal insurance coverage, and the adoption by the agency of the CAMEL rating system.

Senator Jepsen will be missed, and the thoughts and prayers of past and present NCUA employees are with his family and loved ones.