Senate Confirms Metsger to NCUA Board
Chairman Matz, Board Member Fryzel Welcome the NCUA Board’s Newest Member
ALEXANDRIA, VA (August 2, 2013) — The U.S. Senate has confirmed the Honorable Richard T. Metsger as a Member of the Board of the National Credit Union Administration.
“Rick’s confirmation to the NCUA Board is a positive development for credit unions and their nearly 95 million members,” NCUA Board Chairman Debbie Matz said. “His 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. I welcome Rick to the NCUA Board and look forward to working with him.”
“Congratulations to Senator Metsger on his confirmation by the U.S. Senate to serve on the NCUA Board,” said Board Member Michael E. Fryzel. “I look forward to his joining myself and Chairman Matz as we put forth our best efforts to work with the credit union industry in maintaining a safe and sound system for the more than 94 million Americans who enjoy the excellent financial services credit unions provide.”
Metsger was nominated by President Barack Obama in May. The Senate Banking Committee held Metsger’s confirmation hearing June 27, and the U.S. Senate confirmed his nomination on the evening of Aug. 1.
Metsger has most recently been president of Parakletos Strategic Public Affairs, LLC. He served in the Oregon State Senate from 1999 to 2011, and his committee assignments included extensive work in the areas of financial services, transportation and economic development policy. He was elected Senate President Pro Tempore in 2009.
Metsger previously served on the board of the Portland Teachers Credit Union, rising to the office of vice chairman. Metsger also served on the Oregon State Treasury Debt Policy Advisory Commission. Before entering public service, Metsger worked as a radio and television journalist.
Metsger will replace former Board Member Gigi Hyland, who left the NCUA Board in October 2012. His term will expire Aug. 2, 2017. The date for Metsger’s swearing in has not yet been set.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 94 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.