The NCUA announced Tuesday a change of guard in the Inspector General’s office with the retirement of current IG William DeSarno and the selection of current Deputy Inspector General for Audit James Hagen as his replacement.
Hagen will take over the IG position effective June 1, the agency said.
“Jim Hagen is a dedicated and well-qualified public servant who will assume a very important role at NCUA,” said NCUA Board Chairman Debbie Matz.
“The Inspector General not only holds the agency accountable, but this office regularly identifies ways to improve how the agency does its work,” Matz said in a statement. “Jim’s deep knowledge of financial services issues, background as an inspector general and familiarity with NCUA’s operations make him ideally suited for this new role,” she said.
NCUA Board Member Michael Fryzel also welcomed Hagen to his new position.
“I believe Jim Hagen will be an excellent Inspector General for NCUA,” Fryzel said. “He brings a wealth of knowledge and experience to the position. Working with him in the past, I have found that he maintains the independence of that office while offering solid and constructive suggestions on how the agency can improve its operations and do a better job.
Hagen joined NCUA in 2005. In his current position, he is responsible for auditing and evaluating the business programs, as well as the safety and soundness of federal credit unions and the NCUSIF. He is also responsible for the agency’s Financial Statement Audit, Federal Information Security Management Act reviews and material loss reviews of liquidated credit unions.
DeSarno will retire after 16 years with NCUA, the last eight years as Inspector General. He has logged more than 44 years of government service in his career.
“Bill DeSarno has had an outstanding career at NCUA and has earned the respect of the entire Washington, D.C., Inspector General community,” Fryzel said.
“He has handled a tough job in a fair, consistent and independent manner. His efforts to modernize and make the Inspector General’s office more responsive and involved in improving the agency are well recognized,” the NCUA Board member said.