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Metsger Designated NCUA Chair by President Obama
Tuesday, May 3, 2016 6:50 AM

Rick Metsger

President Barack Obama appointed National Credit Union Administration Board Vice Chairman Rick Metsger to be the ninth Chairman of the NCUA Board. Metsger succeeds Board Chairman Debbie Matz, whose tenure ended April 30. Metsger was first nominated to the board in May 2013, took office in August 2013, and was named vice chair in August 2014. His term as chair on the board expires Aug. 2, 2017.

“CUNA congratulates the new NCUA Chair Rick Metsger on his new position, and we look forward to working with him going forward, particularly on getting the field-of-membership modernizations across the finish line,” said Jim Nussle, president/CEO of CUNA. “The Federal Credit Union Act stipulates that a majority of the NCUA board shall constitute a quorum, so we’re hoping the NCUA can finalize issues already in progress and set the stage for future governance until the board has a full complement of members.”

Metsger recently made modernizing the NCUA’s field-of-membership regulations one of his top priorities. The resulting proposal would provide greater choice for consumers, as well as flexibility for credit unions to better serve their communities.

The other board member, J. Mark McWatters, has been nominated to serve on the board of the Export-Import Bank, but has not yet begun the nomination process before the U.S. Senate.