ALEXANDRIA, Va. (8/5/14)--National Credit Union Administration board member Risk Metsger has been named vice chair of the agency. NCUA Chair Debbie Matz announced the designation Monday.
"Rick has built on his experience and knowledge as a legislative leader and a credit union board member to become a strong, objective, and thoughtful regulator," Matz said in making the designation. "Rick is faithfully committed to our shared goal of protecting the safety and soundness of America's credit unions and the 97 million members who count on NCUA to insure their funds. During his time on the board, Rick has stood firm on regulatory principles, asked insightful questions, and strived toward sound public policy in our board decisions."
|National Credit Union Administration board member Rick Metsger, right, offers suggestions at the agency's board meeting last week, while Chair Debbie Matz listens. Matz named Metsger NCUA vice chair Monday. Pictured in back row, from left: Mike McKenna, NCUA general counsel and Steve Bosack, chief of staff. (CUNA Photo)|
Credit Union National Association Deputy General Counsel Mary Dunn said CUNA welcomes the announcement: "This comes as recognition of Rick Metsger's key role in the credit union system."
Dunn noted that the agency's recent proposal to give credit unions more regulatory flexibility by managing their own fixed assets was a stated goal of Metsger when he was appointed to the agency in 2013.
She added that CUNA looks forward to continuing working with the new vice chair on the agency's risk-based capital proposal and on the range of regulatory issues that face credit unions.
Metsger was nominated by President Barack Obama in May 2013 and participated in his first board meeting in September of that year. His term will expire Aug. 2, 2017. He was named the NCUA representative on the board of NeighborWorks America on Jan. 1.
Previously he served in the Oregon state senate from 1999 to 2011, including a term as Senate President Pro Tempore. He also served in the board of Portland Teachers FCU, now known as OnPoint FCU, based in Portland, Ore with $3.4 billion in assets.