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NCB Appoints Jonathan Klugman as Vice President of Financial Internal Audit & Control

Arlington, VA (July 7, 2011) NCB, a leading financial services company serving cooperatives nationwide, appoints Jonathan Klugman as its new Vice President of Financial Internal Audit & Control, where he functions as the chief audit executive.  

“We are extremely pleased to have an executive of Jonathan’s caliber join our team to oversee our reporting and compliance requirements,” said Charles Snyder, NCB President & CEO. “It’s imperative in today’s increased regulatory environment to have well-seasoned leaders in these roles, and we are confident Jonathan will be invaluable to the Bank and this department.” 

In this capacity, Mr. Klugman is responsible for developing independent and objective internal audit plans and reports based on annual risk assessments, scheduling internal audits and ensuring audit quality.  He will manage other internal auditors and audit service providers to verify compliance and internal operating policies and procedures are met, as well as serve as quality control for financial and regulatory reporting requirements.  His experience in the industry is extensive, most recently serving as Senior General Auditor for Cardinal Financial Corporation in McLean, Virginia.  

Mr. Klugman is a member of a number of professional organizations and has served in leadership positions for the Institute of Internal Auditors, Washington, DC Chapter and Association of Credit Union Internal Auditors.  He is also a member of the Maryland Association of Certified Public Accounts; American Institute of Certified Public Accountants; Information System Audit and Control Association; and Association of Certified Fraud Examiners.  

He holds a Masters of Business Administration in Finance/Investments from The George Washington University School of Business and Public Management, and a Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania.   


Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop. 

The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB. The NCB Financial Group provides financial products and services for the nation's cooperatives, their members, and socially responsible organizations. 

The NCB Financial Group also works in a strategic alliance with NCB Capital Impact, a non-profit Community Development Financial Institution created under the same act of Congress as NCCB with particular focus on impacting low and moderate income communities.