The federal government's top corporate credit union regulator has gone back to his old job.
On Feb. 1, Allen Carver stepped down as director of the National Credit Union Administration's Office of Corporate Credit Unions to resume his position as director of the agency's southeastern region.
He elected to return for personal reasons.
Mr. Carver was tapped to head the office when it was created in July 1994. His tenure was controversial. After Capital Corporate Federal Credit Union collapsed in January 1995, he clamped down on other corporates with tougher examinations and performance ratings.
He also crafted a rule that severed shared management between trade groups, as well as one governing corporate investments and capital which was withdrawn after industry protest. He will help craft a new proposal expected later this month.
"He was the right man for a tough job," NCUA Chairman Norman E. D'Amours said in a release.
Robert Schafer, deputy director for the corporate office, will serve as acting director.