ALEXANDRIA, Va.–A former staff member at NCUA who was responsible in part for a number of changes at the agency and practices with which credit unions are now familiar has died.
Carroll Smith, who joined NCUA when it was run by a single director before being overseen by a three-member board, passed away in Colorado Springs.
Smith, a veteran of the Korean War who served in the U.S. Navy, at the NCUA served as a federal bank/credit union examiner and rose to become assistant administrator of administration. In 1974 he was awarded NCUA’s Silver Medal and honorary Meritorious Service Award, which recognizes services and achievements of unusual value, according to the agency.
In a statement, NCUA credited Smith for leading the effort to develop new accounting principles and standards, developing a new training program for examiner staff, and organizing a grass roots program to enhance the relationships between the NCUA and credit union trade associations, leagues, and state supervisors of credit unions.
Smith is survived by his wife, Dr. Marlene A. Smith; son Richard Smith; sister, Lavonne Smith; and brother Harroll Smith, Esq. An obituary said Smith’s daughter Diane died in 2004.