James Hagen to replace William DeSarno as NCUA’s inspector general

resized_NCUA_SEALThe National Credit Union Administration announced on Tuesday the appointment of James Hagen, the deputy inspector general for audit, as the organization’s next inspector general.

Hagen will replace William DeSarno, who is retiring, on June 1.

“Jim Hagen is a dedicated and well-qualified public servant who will assume a very important role at NCUA,” NCUA Board Chairman Debbie Matz said. “The inspector general not only holds the agency accountable, but this office regularly identifies ways to improve how the agency does its work. Jim’s deep knowledge of financial services issues, background as an inspector general and familiarity with NCUA’s operations make him ideally suited for this new role.”

Hagen joined the NCUA in 2005, and as inspector general for audit, he is responsible for the evaluation and audit of business programs, as well as the soundness of federal credit unions and the National Credit Union Share Insurance Fund. Hagen also oversees the agency’s financial statement audit, material loss reviews of liquidated credit unions and Federal Information Security Management Act reviews.

Before joining NCUA, Hagen worked in the inspector general’s offices at the U.S. Treasury, Postal Service and Social Security Administration. He holds a bachelor’s degree from the University of Baltimore and certifications as inspector general, fraud examiner and government financial manager.

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