Kelly Lay is the NCUA’s Director
of the Office of Examination and Insurance. In this role, Ms. Lay oversees the
NCUA’s examination and supervision program, which ensures the safety and
soundness of the credit unions system and manages risk to the National Credit
Union Share Insurance Fund.

Before becoming the Director of the Office of Examination and
Insurance, Ms. Lay served as the Director of the Office of Business Innovation
and the NCUA’s Chief Data Officer. She was also instrumental in guiding the
development of the NCUA’s new examination system, the Modern Examination &
Risk Identification Tool or MERIT.

Ms. Lay previously served as the Associate Regional Director of
Programs in the former-Region II office from 2010–2016. She has also worked in
the former-Region V office as the Director of Supervision from 2006–2009 and as
the Director of Insurance when the office first opened in 2004. Additionally,
she held various positions in the former-Chicago region, including examiner,
Supervision Analyst, and Director of Supervision.

Ms. Lay began her career with NCUA in 1996 after graduating from
Illinois State University with a Bachelor of Science degree in Finance. She
earned her Certified Public Accountant certificate in Illinois in 2002.