The National Credit Union Administration (NCUA) has reported that Myra Toeppe will replace Region III Director Herb Yolles when he retires at the end of this year.
Toeppe is the NCUA's current acting director of supervision in the Office of Examination and Insurance. She joined the NCUA in 2011 as associate regional director for Operations in Region III. She has also served at the Office of Thrift Supervision and the Federal Home Loan Bank of Atlanta during her 25-year government career.
NCUA Chairman Debbie Matz said Toeppe is "a highly experienced financial services regulator" who "has quickly established herself as a leader and a problem solver." Her skills and experience, combined with a dedication to excellence, will make her a terrific regional director, Matz added.
New NCUA board member Rick Metsger noted he and Toeppe "have both taken new positions at NCUA during a time of opportunity and challenge for the industry. "I'm confident that Myra will bring new ideas, a fresh set of eyes and a balanced approach to address the problems facing federally insured credit unions in Region III," he said.
The agency also thanked Yolles for his 35 years of service to the NCUA. He has worked with every NCUA board member since Congress created the NCUA Board in 1978, the agency noted.
"During more than three decades at NCUA and especially the last three-and-a-half years in Region III, Herb has truly seen it all and practically done it all. To ensure continued access to affordable financial services for millions of Americans, Herb has been tireless in his efforts to make the credit union industry safe and sound," Matz said.