NCUA Names James Hagen New IG
NCUA Chairman Debbie Matz last week announced the selection of James Hagen as the agency’s next inspector general. Hagen, the current deputy inspector general for audit, will assume his new post June 1. He will succeed William DeSarno, who is retiring.
“Jim Hagen is a dedicated and well-qualified public servant who will assume a very important role at NCUA,” Matz said. “The inspector general not only holds the agency accountable, but this office regularly identifies ways to improve how the agency does its work. 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.”
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. He understands the importance and scope of the inspector general position and will serve NCUA well in that important capacity.”
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.
Prior to working at NCUA, Hagen served in inspector general’s offices of the U.S. Postal Service, the Social Security Administration, and the Treasury Department.
Hagen holds a bachelor’s degree in marketing and management from the University of Baltimore.