Agency hires new head of financial technology and access.
The NCUA has hired Charles Vice, former commissioner of the Kentucky Department of Financial Institutions, to serve as the agency’s director of financial technology and access.
As commissioner, Vice additionally served as treasurer of NASCUS.
In his new position at the NCUA, Vice will serve as principal advisor to the agency’s board on fintech, including cryptocurrency, blockchain, and distributed ledger technology.
His duties will entail enhancing the agency’s virtual examination and supervision process, as well as the development of innovations that can expand financial inclusion, equity, and access in the credit union system.
“Technological innovations have permeated almost every aspect of our lives, and this has resulted in the financial services industry changing rapidly over the past few years,” Vice said, when the appointment was announced. “The credit union industry plays an important role in the economic success of the United States and is adopting innovative solutions to offer services and connect to members.”
NCUA Board Reaction
NCUA Chairman Todd Harper said that Vice is “not only a forward thinker, but he’s also a dedicated public servant bringing a wealth of experience in finance and supervision to this new role.”
“Charles knows his job is to ensure the NCUA isn’t a technophobic agency,” board Vice Chairman Kyle Hauptman said. “The NCUA Board wouldn’t be doing its job if we didn’t embrace fintech, both at the Agency and at America’s more than 4,800 credit unions.”
Board member Rodney Hood added that Vice “has been at the forefront of financial supervision as the commissioner at the Department of Financial Institutions in the Commonwealth of Kentucky. But more than that, Charles has been at the forefront of advances in regtech and fintech.”
Background and Experience
As commissioner of the DFI, Vice was responsible for the regulatory oversight of all Kentucky state-chartered financial institutions. Before joining the DFI, he was an employee of the Federal Deposit Insurance Corporation for 18 years, serving as an expert on subprime lending and capital markets.
Vice holds a bachelor’s degree in finance from the University of Southern Mississippi.