NCUA Chairman Dollar Extends “Call
To Action”
To “New Generation of NCUA Leadership”
NCUA Chairman Cites Statistics Showing 1 in 3 NCUA Supervisors
Eligible To Retire in Four Years or Less, Calls On “Positive
Thinkers
With Right Philosophy” to Continue Agency’s Direction in
Years Ahead
NASHVILLE, TN (July 14, 2003) - NCUA Chairman Dennis Dollar, making
his final address as agency head to the supervisory and management
officials at the National Credit Union Administration’s bi-annual
supervisory conference here today, extended a “call to action
for a new generation of NCUA leadership.” Dollar’s tenure
on the NCUA Board is likely to end in 2003 as his six-year term comes
to an end with the expected nomination and confirmation of a successor
before the end of the year.
Citing statistics which indicated that 1/3 of the present NCUA supervisory
personnel will be eligible to retire from the agency within the next
four years, Dollar challenged the agency leaders to “both demonstrate
and develop our next generation of NCUA leaders to be positive thinkers
with the right regulatory and supervisory philosophy.”
“We must continue the strides made in recent years to make NCUA
a more effective and efficient regulator that facilitates credit union
innovation in member service to folks from all walks of life built
on a foundation of institutional safety and soundness,” said
Dollar. “We cannot lose our effectiveness by becoming that excessive
regulator who allows unnecessary overkill with no risk management basis
to become a deterrent to innovation and vision among the institutions
we regulate. NCUA needs your commitment to being strategic-thinking
agency leaders who understand marketplace realities even as we maintain
our standards of risk management and fulfill our financial stability
supervisory role, when necessary without blinking. That is what our
stakeholders expect of us and, yes, have the right to demand of us.”
Dollar said that the supervisory and management opportunities at NCUA
would be “virtually unlimited” for those “willing
to put down their roots and grow with NCUA” in the years to come.
“Although we hope that our most progressive supervisors and
managers choose to stick around for years after they meet their retirement
eligibility,” said Dollar, “history tells us that a sizeable
number of those who are eligible to retire from federal service will
choose to do so no matter how much they love their agency. The opportunities
at NCUA for those who want to be our next generation of leadership,
whether they are with us now or those who choose to join us in the
future, are virtually unlimited. My challenge to you is to both provide
that new generation of leadership and to also help us develop it
among those you are presently supervising.”
Dollar stated that he was pleased with the improvements in both the
efficiency and the image of NCUA as an agency that has occurred during
his tenure on the NCUA Board and chairmanship.
“With your help we have brought NCUA a long way to become a
much more respected and effective agency among credit unions, other
financial regulatory agencies and on Capitol Hill,” said Dollar, “but
we cannot rest on those laurels. I truly hope that one of my legacies
as chairman is an agency which is forward looking with agency leaders
in place, and in waiting, who will carry that vision forward.”
The NCUA holds a bi-annual supervisory training conference for all
agency supervisors and managers every odd-numbered year. In the interim
even-numbered years, the agency conducts a series of bi-annual regional
conferences for training all agency personnel, including examiners.
NCUA also has an extensive management and executive development program
designed to prepare the participants for supervisory positions that
might become available in the future. Dollar endorsed that program
and stated his hope that the program would continue in the years after
he leaves the chairmanship.
“Management development is one of the lifelines of an effective
organization,” said Dollar. “NCUA needs to keep its management
and executive development programs as a vital part of its strategic
plans for the future. If we are to develop the best and brightest that
will make NCUA even more effective in the years to come, we must invest
in strong development programs. We need to give the message to our
next generation of leadership that they have a future at NCUA worth
their investing in because we are willing to invest in it as well.”
The NCUA supervisory conference concludes on Friday. All three NCUA
Board Members will address the participants during the course of the
conference.
The National Credit Union Administration, governed by a three-member
board appointed by the President and confirmed by the Senate, is the
independent federal agency that regulates, charters, and supervises
federal credit unions. NCUA, with the backing of the full faith and
credit of the U.S. government, also operates and manages the National
Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of
over 80 million account holders in all federal credit unions and the
overwhelming majority of state-chartered credit unions.
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