Senate approves Metsger for NCUA board
The nomination of Richard Metsger to be the third member of the National Credit Union Administration (NCUA) board has been approved by the full U.S. Senate. All that remains to be done before Metsger takes his place on the board is for him to be sworn in.
Credit Union National Association (CUNA) President/CEO Bill Cheney welcomed the news and thanked the Senate for confirming Metsger.
"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," Cheney said.
Once sworn in, Metsger will join NCUA Chair Debbie Matz and board member Michael Fryzel, himself a former chair, to fill out the three-member board. Metsger will fill the seat vacated late last year after the term of board member Gigi Hyland expired.
The new NCUA board member's nomination was widely supported and moved fairly quickly through the confirmation process--at least compared to some controversial posts like newly confirmed Consumer Financial Protection Bureau Director's Richard Cordray's.
Metsger, a former Oregon state senator, was named as a candidate by President Obama in June and a hearing on his nomination was conducted June 27.
The next scheduled NCUA open board meeting is September 12, as it is a longstanding NCUA practice to forego an August meeting. Barring unforeseen circumstances, Metsger should be ready to take his seat at the table by that time.