Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Confirmed Matz promises focused positive agenda
WASHINGTON (8/10/09)—In her first comments since she was confirmed to return to the National Credit Union Administration board, incoming NCUA Chairman Deborah Matz promised a “focused and positive agenda” that will be “characterized by an ongoing priority on reform and revitalization.”
Click to view larger imageDeborah Matz, who was unanimously confirmed to join the NCUA on Friday, has promised "reform" and "revitalization" during her tenure as NCUA Chairman. She is shown here at her nomination hearing. (CUNA Photo)
Matz was unanimously confirmed by the full Senate on Friday, and will soon join the NCUA board for the second time. Matz's nomination was scheduled for Senate approval several times in recent days, but a busy Senate calendar, dominated by such things as okaying $2 billion to extend the "cash for clunkers" program, and approving Sonia Sotomayor as a Supreme Court Justice, pushed back the Matz vote. Matz last served on the board between 2002 and 2005, and most recently held the position of executive vice president and chief operating officer of Maryland-based, $800 million-in-assets Andrews FCU, an experience which Matz said "sensitized" her "to the need for effective, rather than excessive, regulation." Current NCUA Chairman Michael E. Fryzel congratulated Matz on her confirmation, adding that he is certain that Matz will meet the “current economic turmoil and challenges,” challenges that require “strong, practical, progressive leadership,” with confidence. Credit Union National Association (CUNA) President/CEO Dan Mica joined Fryzel in congratulating Matz on her confirmation, saying that CUNA looks forward to working with Matz to ensure the "continued safety and soundness of credit unions" and to foster "a regulatory environment in which credit unions may continue to grow, prosper and effectively serve their members." Matz has taken on so-called “progressive” stances in the past, as she in 2002 provided the lone vote against what she has called "overly broad and permissive" NCUA corporate credit union regulations. Matz during recent Senate committee testimony also promised to revamp some aspects of the NCUA's rules governing corporate credit unions, and, more generally, stated that further work is needed to stabilize the corporate credit union system. Matz in her statement also pledged to work with the NCUA, credit union volunteers, and credit union staff to ensure that the “vital” role that credit unions play in American life is “not only preserved, but enhanced” going forward.
Other Resources


News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
1 hour ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now:
3 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
3 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
3 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
5 hours ago