ALEXANDRIA, Va.–NCUA said it has joined with other communities and organizations across the nation in celebrating the upcoming 250th anniversary of American independence by raising the America250 flag during a special ceremony at its headquarters here.
The agency said leadership and staff gathered to mark
“This historic occasion and recognize the enduring ideals of freedom, democracy, service, and civic engagement that have shaped the nation for nearly two and a half centuries.”
NCUA said staff watched as NCUA Chairman Kyle Hauptman raised the flag and then joined him in holding an America250 commemorative flag modeled after the original thirteen stars and stripes United States flag.
‘Remarkable Journey’
“Raising the America 250 flag is an opportunity to recognize our nation’s remarkable journey and the values that continue to unite us” said Chairman Hauptman in a statement. “As we approach America’s 250th birthday, let’s remember the many sacrifices and achievements of those who came before us to make this great American experiment a reality. We are proud to celebrate America250 and serve this great nation.
NCUA said the America 250 flag will remain displayed at the NCUA Central Office until Dec. 31.
Former NCUA Chief of Staff Named to New Post
Separately, Chicago-based Performance Trust Capital Partners has named H. Lenwood Brooks V as managing director in its Financial Institutions Group, adding a former senior National Credit Union Administration official with experience in financial regulation, government affairs and capital markets.
According to Performance Trust, Brooks will help strengthen the firm’s work with community financial institutions by providing strategic guidance, client education and industry advocacy.
Brooks is well known in the credit union industry for serving as chief of staff to former NCUA Chairman Rodney Hood. He also served on President Donald Trump’s NCUA transition team.
Most recently, Brooks was director of government and industry relations at the Federal Home Loan Bank of Dallas, where the firm said he worked with industry stakeholders throughout the financial services sector. Earlier in his career, Brooks served as vice president at the Securities Industry and Financial Markets Association, representing the capital markets industry in Washington.
Importance of Community FIs
“Community financial institutions are essential to the strength of our economy and the vitality of local communities,” Brooks said in a statement. “I have spent much of my career working alongside these institutions and supporting their mission, and I am proud to join Performance Trust to continue that work.”
Brooks said he believes the firm’s approach helps community financial institutions better understand risk, strategy and long-term growth while giving clients greater confidence in their decision-making.
According to Performance Trust, Brooks joins the firm as community financial institutions face challenges including liquidity constraints, regulatory changes, evolving capital needs and margin compression.
‘Embodies What We Look For’
“Lenwood embodies what we look for at Performance Trust — someone who leads with trust, brings real perspective, and is fully committed to our clients’ long-term success,” Steve Roth said in a statement.
Roth said Brooks’ background in regulation, public policy and capital markets will enhance the firm’s ability to help clients evaluate risks and opportunities while making informed balance sheet and capital decisions.
