Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Metsger Clears Senate To Become NCUA Board Member
WASHINGTON (8/2/13)--The nomination of Richard Metsger to be the third member of the National Credit Union Administration board has been approved by the full U.S. Senate. All that remains to be done before Metsger takes his place on the board is for him to be sworn in.
 
Credit Union National Association Bill Cheney welcomed the news and thanked the Senate for confirming Metsger.
 
"We look forward to working with Mr. Metsger as he starts his tenure on the board, knowing that he can rely on his experience as a credit union board member in dealing with the challenges that credit unions face today," Cheney said.
 
Once sworn in, Metsger will join NCUA Chair Debbie Matz and board member Michael Fryzel, himself a former chair, to fill out the three-member board. Metsger will fill the seat vacated late last year after the term of board member Gigi Hyland expired.
 
The new NCUA board member's nomination was widely supported and moved fairly quickly through the confirmation process--at least compared to some controversial posts like newly confirmed Consumer Financial Protection Bureau Director's Richard Cordray's.
 
Metsger, a former Oregon state senator, was named as a candidate by President Obama in June and a hearing on his nomination was conducted June 27.

The next scheduled NCUA open board meeting is Sept. 12, as it is a longstanding NCUA practice to forego an August meeting. Barring unforeseen circumstances, Metsger should be ready to take his seat at the table by that time.


RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
14 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
14 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
15 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
15 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
15 hours ago