More than a month after he had his U.S. Senate hearing, Richard Metsger was confirmed for a seat on the NCUA board. Metsger, a former state senator in Oregon, takes the seat previously held by Gigi Hyland. This also puts the NCUA board back at full strength with three members.
"Rick Metsger's confirmation to the NCUA board is a positive development for credit unions and their nearly 95 million members," NCUA Chairman Debbie Matz said in a statement published by the CU Journal.
“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,” Matz said.
"We look forward to working with Mr. Metsger as he starts his tenure on the board, knowing that he can rely on his experience as a credit union board member in dealing with the challenges that credit unions face today," said CUNA President/CEO Bill Cheney.
Metsger has extensive experience with credit unions and financial institutions including eight years as a director for Portland Teachers Credit Union. He also served as the chair of the Oregon state senate committee that heard all financial institutions legislation. The final step before he takes his new position is to be sworn in.