Financial Technology

USM Alum Vice Earns Key Role with National Credit Union Administration

Wed,
01/18/2023 – 15:46pm | By: Van Arnold

Charles ViceDescribing himself as a “servant at heart,” University of Southern Mississippi (USM)
alum Charles Vice relishes the opportunity to assist others as the Director of Financial
and Technology Access for the National Credit Union Administration (NCUA).

In this new role, Vice will serve as the principal advisor to the NCUA Board on agency
policy with respect to fintech, and fintech developments and transformation initiatives
in the financial services sector, including cryptocurrency, blockchain, and distributed
ledger technology.

Initiatives include exploring methods to enhance the virtual examination and supervision
process and promoting the development and deployment of technologies and innovations
that can expand financial inclusion and equitable and affordable consumer access within
the credit union system.

Vice, who lives in Lexington, Ky., with his wife, Julia, notes that the NCUA is a
leader in promoting the use of financial technology resources to expand access to
financial services by members and potential members of the credit union industry.

“The NCUA’s vision is to ‘strengthen communities and protect consumers by ensuring
equitable financial inclusion through a robust, safe, sound, and evolving credit union
system.’ My new position gives me the opportunity to work with the NCUA Board, management,
and employees to promote the use of technology in the industry to improve operations
and ensure fair and equitable access to financial services,” said Vice.

He further explains that credit unions are unique in the financial services sector,
as they are not-for-profit corporations and owned by their members. The industry adheres
to an endearing motto: “People serving people.”

“This results in an industry that places a high value on its members and focuses on
actions that help the members succeed,” said Vice. “There are some amazing stories
of how credit union members were helped during difficult times, when unbanked and
underbanked individuals were provided access to financial services, and when credit
unions offered services to low and moderate-income communities when other companies
moved to different markets. This is why I am so excited to serve the NCUA and the
industry in my new position.”

Born in Anchorage, Ak., Vice refers to Biloxi, Miss., as his hometown. He attended
USM from 1987 through 1990, earning a degree in finance and graduating with honors.
Vice credits his time at USM for providing the blueprint to a successful career in
the financial industry.

“At USM, I learned to study hard, network, and listen to wiser and more experienced
people,” said Vice. “My professors were a valuable source of knowledge, wisdom, and
advice – as long as I listened to them. My mentors included the accounting, finance,
marketing, computer science, and economic professors.”

Vice points out that being chosen as USM’s Mississippi Young Bankers Convention Scholarship
finalist in 1989 helped launch his 18-year career with the Federal Deposit Insurance
Corporation. Before taking his current position, Vice also spent 14 years as the Commissioner
of the Kentucky Department of Financial Institutions.

Vice stresses that although time and distance do not allow for frequent visits to
his alma mater, the University continues to have a profound impact on his life through
close relationships with four notable alumni:

  • Nancy Chandler, his sister, who lives in Vancleave, Miss., and teaches elementary
    education.
  • Scott Nyary, a friend from high school, who lives Hattiesburg and leads the Lamar
    County School District’s English Language Institute.
  • Kevin Olsen, another high school friend, who is a former U.S. Air Force pilot and
    currently serves as a pilot for a major airline.
  • Bret Becton, Dean of USM’s College of Business and Economic Development, a fraternity
    brother and close friend.

“It is always great to see our alumni doing well, and Charles has long been a leader
in his field,” said Becton. “His ascent to this important leadership role is a fine
example of what you can achieve with a Southern Miss Business education, and we are
very proud to count Charles as one of our own.”

Vice explains that his last visit to the USM campus came in 2019 when Becton invited
him to address a group of business students.

“I hope that many more opportunities arise for me to return to campus and engage the
students,” he said. “They are the future of financial technology and are currently
working in the field through various financial projects.”

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