ALEXANDRIA, Va. (9/4/14)--Sarah Vega is the senior policy advisor for new National Credit Union Administration board member J. Mark McWatters, the agency announced Wednesday.
Vega previously served as the senior policy advisor to past NCUA board member Michael Fryzel, beginning in 2009. She also served as Fryzel's chief of staff during his tenure as board chair. Fryzel served on the board until Aug. 26, when he swore in J. Mark McWatters, who replaced him on the board.
"Sarah's experience in the credit union system, and particularly her nearly six years with NCUA, will be of enormous value to me," McWatters said. "I look forward to getting to work and having her advice and perspective as we tackle the challenges ahead."
Prior to joining NCUA in 2008, Vega was a project manager and contract attorney with Hudson Legal Chicago, working in securities, mergers and product liability cases. She is a former director of the Illinois Department of Financial Institutions. Before being named director, Vega was the administrator of the department's Credit Union Section, which regulates state-chartered credit unions.
"We have appreciated working with Sarah and look forward to continuing to address issues with her and initiating discussions with her new boss, NCUA board member McWatters," CUNA's Deputy General Counsel Mary Dunn said Wednesday.
Vega has served on the board of directors of the Federal Home Loan Bank Chicago and was a member of the board of directors of the National Association of State Credit Union Supervisors, serving as the association's chair from 1999 to 2000.