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NEW: Senate Banking To Consider New NCUA Member Thursday
WASHINGTON (6/20/13, UPDATED: 2:30 p.m.  ET)--The nomination of former Oregon State Sen. Rick Metsger (D) to become the third member of the National Credit Union Administration will be considered by the Senate Banking Committee next Thursday, June 27, at 10 a.m. (ET).

Metsger was member of the board of directors at Portland Teachers CU from 1993 to 2001.

He was named by the White House in May as a candidate to fill the vacant seat on the NCUA board, a position left open since former member Gigi Hyland exited late last year. If confirmed, Metsger will join NCUA Chair Debbie Matz and board member Michael Fryzel.

When the nomination was announced said Northwest Credit Union Association President/CEO Troy Stang said, "Sen. Metsger has a strong background of public service and certainly understands the complexity of the financial services landscape including the importance of safety and soundness in the credit union system.

"With so many consumers interested in becoming part of the cooperative credit union system, it's important the industry's regulatory and insurance system is led by the most qualified individuals. Sen. Metsger should complement the skills and talent on the NCUA board well with a solid focus on the future."

Among other highlights of Metsger's resume, he chaired the Oregon Senate committee that heard all financial institution legislation, and he has been a board member of Financial Beginnings, a nonprofit focused on increasing students' financial literacy.

Metsger also has been:

  • Oregon state senator from 1999 to 2011;
  • Oregon Senate president pro-tempore from 2009 to 2011; and
  • Oregon state Debt Policy Advisory Commission member from 2001 to 2011.
     Other nominees on the committee's June 27 agenda include Rep.  Melvin L. Watt (D-N.C.) to be director of the Federal Housing Finance Agency; Dr. Jason Furman, of New York, to be chairman of the Council of Economic Advisers; Kara M. Stein, of Maryland, to be a member of the Securities and Exchange Commission; and Dr. Michael S. Piwowar, of Virginia, also to be an SEC member.


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