Matz NCUA board term to expire Friday, will serve until replacement chosen
April 3, 2015
ALEXANDRIA, Va. (4/6/15)--National Credit Union Administration Chair Debbie Matz's six-year term on the board is scheduled to expire Friday, but she will serve until a replacement is identified, nominated and confirmed.
Matz took the oath of office Aug. 24, 2009, replacing then-Chair Michael Fryzel.
"Once a board member's term expires, she/he may serve until a replacement is sworn in," said John Fairbanks, spokesman for the NCUA.
Matz is the first person to have served two terms on the NCUA board since the agency was founded in 1978. Matz previously served on the board from January 2002 to October 2005.
NCUA board members are nominated by the president and must be confirmed by the Senate.