WASHINGTON (5/26/09)--Former National Credit Union Administration (NCUA) Board member Deborah Matz is expected to again bring her extensive industry and public service experience to that board after President Barack Obama on Thursday announced his intent to nominate her to chair the NCUA.
Matz, who served as a NCUA board member from March 2002 until September 2005, has recently served as executive vice president and chief operating officer of Suitland, Md.’s Andrews FCU, which holds $800 million in total assets. Matz also has an extensive background in public service, with past roles at the U.S. Department of Agriculture and the Congressional Joint Economic Committee. Current NCUA Chairman Michael Fryzel, whose term extends to 2013, may continue to serve on the board. In a recent release, Fryzel said that President Obama’s selection spoke well of Matz’s “past service and future performance.” The outgoing NCUA chairman said it “has been a true privilege and honor” to serve as NCUA chair, even with the recent difficulties that have made the last 10 months “the most difficult period in the first century of the credit union movement.” Board member Gigi Hyland, whose term ends in 2011, could also continue to serve on the board. Vice chair Rodney Hood, who filled in following the departure of Dennis Dollar, will leave the board. Hood's term expired in April. If confirmed, Matz will chair the board until April 10, 2015.