ALEXANDRIA, Va. — NCUA has selected Mary Ann Woodson as its new chief financial officer effective Jan. 14, 2008.

She replaces longtime CFO Dennis Winans, who retired last year.

As CFO, Woodson is responsible for the daily operations of the NCUSIF and the NCUA Operating Fund, including the accounting and financial reporting functions for both funds.

She is also responsible for agency administrative functions including travel policies and programs, budget preparation and management, finance and accounting functions, accounts payable, payroll, and the administration of credit union operating fees and NCUSIF capitalization deposits and operations.

Woodson joins NCUA after serving as deputy CFO at the Department of Homeland Security, which includes 22 agencies that merged when DHS was established. Prior to joining DHS in 2004, she was budget director of the FBI where her federal career began in 1979.

Woodson holds a bachelor of science degree in accounting from George Mason University. She served on the Justice FCU board for over 10 years and held various positions including board secretary, treasurer, vice chairman and chairman.