Eugene Schied named as NCUA’s chief financial officer

Eugene H. Schied has been named chief financial officer (CFO) for the National Credit Union Administration (NCUA), succeeding Rendell Jones, who became the agency’s deputy executive director this January, the agency said Tuesday.

Schied joined the staff of the National Credit Union Administration (NCUA) in March 2017 and has served as deputy CFO and acting CFO, the latter occurring when Jones took his new post.

The NCUA said that Schied will lead a team of more than 50 employees who perform essential functions, such as accounting and financial reporting, enterprise risk management, strategic and performance planning, budgeting, procurement, facilities and logistical support, the administration of credit union operating fees, and the National Credit Union Share Insurance Fund’s capitalization deposits and operations.

Before joining the NCUA, the agency noted, Schied had held executive positions at several federal agencies, including serving as the assistant commissioner for administration at the U.S. Customs and Border Protection; budget director and deputy CFO at the Department of Homeland Security; deputy assistant attorney general/controller at the Department of Justice; and CFO at the Drug Enforcement Administration.

“Eugene has nearly 20 years of senior financial and budget experience in the federal government,” NCUA Chairman Rodney E. Hood said. “He brings a wealth of experience and leadership to the position. The NCUA and broader credit union system will benefit greatly from his expertise in managing the Share Insurance Fund and the NCUA Operating Fund.”

Schied received the Presidential Rank Medal for Meritorious Service in 2006, the agency said. He holds a Master of Public Administration degree from the Ohio State University and a Bachelor of Arts degree in political science from the University of Iowa.

NCUA Selects Schied As Its New Chief Financial Officer