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News Now

Washington
Aug. 24 to be Matz swearing-in day
ALEXANDRIA, Va. (8/19/09)--Deborah Matz will soon become the eighth chairman of the National Credit Union Administration (NCUA), after she is sworn in on August 24, the NCUA announced Tuesday. The swearing in ceremony will be completed by NCUA General Counsel Robert Fenner and will take place at 2 p.m. at the agency’s headquarters in Alexandria, Va.
If all goes according to plan, as of 2 p.m. (ET) next Monday, Deborah Matz will be sworn in as a member of the NCUA board, and is expected to be designated chairman shortly thereafter by President Obama. Matz is shown here taking an oath prior to her confirmation hearing. (CUNA Photo)
Once confirmed, Matz will serve a six-year term on the NCUA Board, ending in April of 2015. Matz, who will join the NCUA board for the second time, was unanimously confirmed by both the Senate Banking Committee and the full Senate following her nomination by President Barack Obama. Matz’s previous term on the board lasted from 2002 until 2005. Matz has given a taste of how she would govern during the recent confirmation hearings, indicating that she would look to revamp some aspects of the NCUA's rules governing corporate credit unions while also working to stabilize the corporate credit union system. Matz also pledged to work with credit union organizations, volunteers, and staff to ensure that the "vital" role that credit unions play in American life is "not only preserved, but enhanced" going forward.


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