ALEXANDRIA, Va. (3/9/16 UPDATED 1:00 p.m.)--Credit Union National Association (CUNA) President/CEO Jim Nussle expressed his gratitude to National Credit Union Administration Chair Debbie Matz, who announced today she would step down April 30. Nussle personally talked to Matz immediately following her retirement announcement.
“When I talked to NCUA chair Debbie Matz, I expressed, on behalf of CUNA and our membership, our thanks and gratitude for her distinguished service to credit unions,” Nussle said. “As our regulator, she most recently made substantial progress in removing barriers to credit union service by cutting back regulations related to member business lending and field of membership.
“Throughout the time I worked with her, she kept her door open, always willing to listen to our ideas and concerns about the needs of credit unions at NCUA,” Nussle added.
Matz, who has led the agency since August 2009, submitted her letter of resignation to President Barack Obama this morning.
During her tenure she implemented a regulatory modernization initiative and the NCUA also became the first federal financial institutions regulator to recover losses from the Wall Street firms that contributed to the Great Recession.
Serving a total of 11 years at NCUA, Matz is the eighth NCUA board chair and the only NCUA board member ever confirmed by the U.S. Senate for a second term. Her term ended on April 10, 2015.