ALEXANDRIA, Va. (UPDATED: 8/14/13, 2:10 P.M. ET)--Richard Metsger will be sworn in as the third member of the National Credit Union Administration's three-person board on Aug. 23.
The swearing in will take place at a private ceremony on Capitol Hill. Metsger will fill the seat vacated late last by then-board member Gigi Hyland. His term is scheduled to run until Aug. 2, 2017.
Credit Union National Association President/CEO Bill Cheney said CUNA looks forward to working with Metsger as he starts his tenure on the board. "We know that Mr. Metsger will be able to rely on his experience as a credit union board member in dealing with the challenges that credit unions face today," Cheney added.
NCUA Deputy Director of the Office of National Examinations and Supervision David Shetler will serve as Metsger's interim senior policy advisor until a permanent candidate is selected, the agency said.
Metsger is a former Oregon state senator. He was named as a candidate for the open NCUA board position by President Obama in June and was confirmed by the Senate for the post just before the U.S. Congress broke for its August recess.
Metsger will attend his first NCUA board meeting as a board member on Sept. 12.