The National Credit Union Administration (NCUA) has announced the retirement of Cherie Freed, regional director of the NCUA’s Western Region, effective August 24, 2024.
“Cherie’s dedication to public service and the NCUA has been nothing short of exemplary,” NCUA Chairman Todd M. Harper said. “She excelled at building internal and external coalitions, she was passionate about meeting organizational goals and customer expectations, and she produced results at the highest level. Cherie has exhibited sustained excellence throughout her career, inspired others, and made innumerable contributions to the NCUA. On behalf of the entire NCUA Board, we wish to extend our sincere gratitude to Cherie and wish her well in future endeavors.”
Freed is retiring with over 37 years of service to the NCUA. Prior to being selected as regional director in 2016, she served as the associate regional director for the Western Region. She previously served as the director of supervision and as the loss-risk analysis officer in the NCUA’s Office of Examination and Insurance. Freed began her career in 1987 as an examiner in Phoenix. In 1991, she became a problem case officer and later a corporate examiner. Throughout her NCUA career, Freed received numerous awards and recognition, including Specialized Examiner of the Year, Supervisor of the Year, and the Chairman’s Outstanding Achievement Award for Career Achievement.
John Kutchey, regional director for the NCUA’s Eastern Region, will oversee the Western Region until a new regional director is selected. Associate Regional Director Mike Ryan will serve as the Eastern Region’s acting regional director during this transition.
The NCUA is an independent federal agency created by Congress to regulate, charter and supervise federal credit unions. With backing from the full faith and credit of the United States government, it operates and manages the National Credit Union Share Insurance Fund which insures deposits for more than 135 million account holders across all federal credit unions and most state-chartered credit unions. The agency also focuses on consumer protection and financial literacy education.
Media Inquiries:
Joe Adamoli
JAdamoli@ncua.gov
703-518-6572
