Larry Fazio Named NCUA’s New Executive Director

Examination and Insurance Director Larry Fazio will serve as the agency’s new Executive Director.

UnknownFazio will serve in the highest senior career position at the NCUA and will start his new position on March 1, 2020.

“Larry’s knowledge and expertise are of tremendous value to the NCUA and for credit unions,” Chairman Hood said. “He was instrumental in helping the agency successfully navigate the failure of the corporate credit unions during the Financial Crisis a decade ago.

Fazio succeeds Mark Treichel, who is retiring after more than 33 years of service at the NCUA, including the last seven as Executive Director. His retirement will become effective June 30, 2020, to allow for a smooth transition in leadership. 

Fazio joined the NCUA in 1991 as an examiner in Chicago. During his career, he has served as a supervision analyst, a supervisory examiner in Detroit, the director of supervision in the former-Chicago regional office, and the director of risk management, the Deputy Director and Director of the Office of Examination and Insurance, and the NCUA’s Deputy Executive Director.