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President nominates NCUA board member

Late Wednesday, President Obama submitted a nomination for the NCUA board seat previously held by Gigi Hyland. The White House is asking former Oregon State Senator Rick Metsger (D) to take on a new role. Metsger served in the state senate for 12 years ascending to the position of Senate president pro-tempore. He has credit union experience having served on the board of Portland Teachers Credit Union for eight years. He is currently a board member of Financial Beginnings, a nonprofit focused on student financial literacy.

NCUA Chairman Debbie Matz welcomes the president's nomination of Metsger.

“Rick will bring valuable perspectives to the NCUA board, having served as a volunteer credit union board member as well as a state legislator. I look forward to welcoming Rick as soon as he is seated on the NCUA board. We will work collaboratively to fulfill NCUA’s mission: to protect the safety and soundness of America’s federally insured credit unions and their 94 million members,” said Matz.

The nomination was also looked at as a positive from the Northwest Credit Union Association, who works with the Oregon legislature. 

"Sen. Metsger has a strong background of public service and certainly understands the complexity of the financial services landscape including the importance of safety and soundness in the credit union system," said Northwest Credit Union Association President/CEO Troy Stang.