ALEXANDRIA, Va. (8/5/13)--National Credit Union Administration Chairman Debbie Matz and board member Michael Fryzel on Friday welcomed their incoming colleague Richard Metsger, and addressed other key credit union issues, in remarks delivered at two separate conferences last week.
Metsger was confirmed to be the third member of the NCUA board by the full U.S. Senate on Thursday. All that remains to be done before Metsger takes his place on the board is for him to be sworn in.
Matz said Metsger's "personal commitment to public service, his breadth of policymaking experience and his unique perspective on financial services issues are welcome additions to the NCUA board."
Fryzel congratulated Metsger on his confirmation, adding that he looks forward to the former Oregon state senator joining the NCUA as it works to maintain a safe and sound credit union system.
The continuing resolution of the corporate credit union system will be one topic for Metsger to tackle once he is sworn in to the full NCUA board.
Fryzel on Friday told attendees of the American Association of Credit Union Leagues' 2013 summer meeting in Boston that the agency may not charge a Temporary Corporate Credit Union Stabilization Fund assessment in 2014. The Credit Union National Association has encouraged the agency to take this approach, and has said that future TCCUSF assessments may not be necessary at all.
Fryzel also addressed the credit union system in general in his remarks. Topics he touched on include:
- Natural person credit unions, the overall economy and the challenges that lie ahead;
- Pending and proposed rules, NCUA staff changes and the NCUA regional realignment;
- Pending federal legislation that could affect credit unions; and
- The future of credit unions.
In other remarks made before the African-American Credit Union Coalition's annual conference in Detroit, Matz said minority credit unions are essential to fostering economic diversity and opportunity in communities across America, particularly low-income and underserved communities.
Minority credit unions "are often the only insured institutions serving low-income and underserved areas," she noted. "Your being there--making loans to small businesses so they can provide jobs and offering loans so your members can buy a car or a home or send a child to college--has helped hard-working families in those communities pave a path towards financial security," she told the assembled credit union representatives.
The NCUA chairman also reiterated the agency's commitment to supporting greater diversity in its own workforce and in credit unions nationwide.