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News Now

Washington
CUNA urges quick consideration of Matz nomination
ALEXANDRIA, Va. (6/3/09)—The Credit Union National Association (CUNA) Tuesday urged the Senate to move quickly on the nomination of Deborah Matz to the National Credit Union Administration (NCUA) board. The NCUA announced Tuesday that President Barack Obama had officially nominated Deborah Matz on June 1. The president had announced his intention to do so, and to designate Matz as chairman, on May 21. CUNA President/CEO Dan Mica thanked the Obama administration for moving quickly to formalize the nomination. Mica said that fast action will ensure continued leadership on the NCUA board with a full complement of three members. “We urge the Senate Banking Committee to reflect the swiftness with which the administration has acted and consider Ms. Matz’s nomination as soon as is possible.” He added that CUNA hoped a speedy turn around by the committee would lead to timely Senate action on Matz’ confirmation to the post. Matz would fill a vacancy that will be created by the exit of NCUA Vice Chairman Rodney Hood, whose termed expired in April. The two remaining board members are current Chairman Michael Fryzel, who took the position in August 2008 and whose term extends in to 2013, and Gigi Hyland, confirmed at the same time as Hood, and whose term ends in 2011. Hood issued a statement after the NCUA announced Matz's formal nomination and said he believes Matz will “serve the agency very well and be a strong chairman representing the best interests of America’s credit unions.” He praised he for keeping open lines of communication and added Matz “has the leadership, knowledge and industry experience necessary for these difficult times that credit unions are facing.”


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