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ALEXANDRIA, Va. (July 21, 2020) – The National Credit Union Administration today announced the selection of Eugene H. Schied as the agency’s new Chief Financial Officer.

As the agency’s Chief Financial Officer, 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.

“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 previously served as the NCUA’s Acting Chief Financial Officer and as the Deputy Chief Financial Officer. He succeeds Rendell Jones, who was named as the agency’s Deputy Executive Director in January of this year.

Before joining the NCUA in March 2017, he held executive positions at several federal agencies, including service as the Assistant Commissioner for Administration at the U.S. Customs and Border Protection; Budget Director and Deputy Chief Financial Officer at the Department of Homeland Security; Deputy Assistant Attorney General/Controller at the Department of Justice; and Chief Financial Officer at the Drug Enforcement Administration.

Schied received the Presidential Rank Medal for Meritorious Service in 2006.

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.