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Michigan Credit Union League

MCUL Congratulates Metsger on NCUA Chairmanship

The Michigan Credit Union League congratulates NCUA Board Member Rick Metsger on his appointment to the position of NCUA Chairman, replacing former Chairman Debbie Matz, who retired on April 30.

Metsger, who served as Matz’s vice chairman, was elevated to the chairmanship on May 2 by President Obama.

“We congratulate Chairman Metsger on this important appointment,” said MCUL President & CEO Dave Adams. “As a board member, he has demonstrated a willingness to listen to credit union leaders on policy issues. Credit unions need regulatory relief more than ever. We hope that Mr. Metsger will find the balance for tough but streamlined regulation and supervision.”

CUNA also offered its congratulations to Metsger, with President/CEO Jim Nussle saying in a statement that the national trade association is eager to work with him to move field-of-membership modernizations “across the finish line.”

Metsger joined the three-member NCUA board in August 2013 and was unanimously elected to vice-chair—a new position at the time—a little more than a year later. He will serve alongside Board Member J. Mark McWatters. A third board member has not yet been nominated.

“The Federal Credit Union Act stipulates that a majority of the NCUA board shall constitute a quorum,” said Nussle, “so we’re hoping the NCUA can finalize issues already in progress and set the stage for future governance until the board has a full complement of members.”

In addition to having worked as a teacher and broadcast journalist, Metsger served in the Oregon State Senate from 1999 until 2011. He spent eight years as a board member for Portland Teachers CU, rising to the office of vice chairman.

“I deeply appreciate the trust President Obama has placed in me,” Metsger said in a statement from NCUA, “and I look forward to the challenges and opportunities ahead as the agency strives to protect credit union members and provide a modern regulatory framework for credit unions to innovate and grow safely and soundly. NCUA has a hard-working staff dedicated to the agency’s mission, and I am proud to serve with them.”

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2016-05-04 00:00:00