From left, CUNA President/CEO Jim Nussle, NCUA Chair Debbie Matz and CUNA GAC Master of Ceremonies Paul Berry share a moment backstage at this year's CUNA GAC.

Nussle thanks departing Matz for removing MBL, FOM barriers

March 10, 2016

ALEXANDRIA, Va. (3/10/16)--Credit Union National Association (CUNA) President/CEO Jim Nussle expressed his gratitude to National Credit Union Administration Chair Debbie Matz, who announced Wednesday 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 Wednesday 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.

Matz served as an NCUA Board member from January 2002 to October 2005 and is the first NCUA Board member to return for a second term. She was confirmed by the U.S. Senate for a second time and sworn in as the eighth NCUA chair in August 2009. Her term ended on April 10, 2015.