Corporate Regulator Staying on Job Through '95 at Least

WASHINGTON - The top corporate credit union regulator is heading south next month and taking his job with him, at least through the end of the year.

H. Allen Carver, director of the National Credit Union Administration's Office of Corporate Credit Unions, will return to Atlanta after 11 months in the agency's headquarters here.

Mr. Carver's stint in Washington was always meant to be temporary; his family never made the move to Washington from Atlanta, where Mr. Carver had been director of the agency's southeastern region.

Most sources expected Mr. Carver to return to his former position when he left Washington, but NCUA Chairman Norman E. D'Amours wants him to take the lead in drafting new rules tightening corporate supervision, sources said last week. The job of writing the controversial regulations is expected to last through 1995.

That might be Mr. Carver's last task as the top corporate regulator. At the end of the year, he must decide whether he wants to remain in charge of corporates. If he does, Mr. Carver will have to return to Washington.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER