NCUA’s Harper, Hauptman, and Hood Commend Chairman McWilliams for Her Service to the FDIC

ALEXANDRIA, Va. (Feb. 2, 2022) – NCUA Chairman Todd M. Harper, Vice Chairman Kyle S. Hauptman, and Board Member Rodney E. Hood issued the following statements in advance of Jelena McWilliams stepping down as FDIC Chairman on February 4:

“Chairman McWilliams’ inspirational personal story and service to the American people is nothing short of admirable,” said Chairman Harper. And during the last decade, I have seen firsthand the expert knowledge, considerable skill, and strategic insights she provides in debating issues and making decisions. Her stewardship at the FDIC during the COVID-19 pandemic also contributed to a stable banking system in an unprecedented economic environment. I wish her all the best in her future endeavors.”

“Jelena McWilliams is a friend and a brilliant public servant,” said Vice Chairman Hauptman. “She is also an inspiring example of the American dream, an immigrant from a statist regime who then achieved here at the highest levels. I wish her well in her future endeavors, and I’m confident that her character, work ethic, and intelligence will continue yielding impressive accomplishments.”

Said Board Member Hood, “Jelena McWilliams played a pivotal role in creating an effective regulatory environment for the U.S. banking system. During the unprecedented coronavirus pandemic, Jelena provided steadfast and thoughtful leadership. The FDIC thrived under her tenure and renewed its focus on the importance of diversity, equity, and inclusion. And, she gave second chances to those convicted of long ago minor criminal offenses so that these Americans can have another opportunity to work in the banking sector. I enjoyed serving alongside Jelena as members of the Financial Stability Oversight Council and the Federal Financial Institutions Examination Council. I thank her for her friendship and service, and I wish Jelena the very best in all her future endeavors.”