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News Now

Washington
NEW: Former Oregon State Senator Nominated To NCUA Seat
WASHINGTON (5/15/13 FILED 7:11 p.m. ET)--Former Oregon State Sen. Rick Metsger (D) has been tapped by the White House to fill the vacant seat on the three-member National Credit Union Administration board.

Nominated today by President Barack Obama, if confirmed by the U.S. Senate, Metsger will fill the seat vacated late last year after the term of board member Gigi Hyland expired.

Highlights from Metsger's resume include:
  • Oregon state senator from 1999 to 2011;
  • Oregon senate president pro-tempore from 2009 to 2011;
  • Chaired Oregon senate committee that heard all financial institution legislation;
  • Oregon state Debt Policy Advisory Commission member from 2001 to 2011;
  • Board member of Financial Beginnings, a nonprofit focused on increasing students' financial literacy; and,  
  • Former board of director on Portland Teachers CU from 1993 to 2001.
"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.

"With so many consumers interested in becoming part of the cooperative credit union system, it's important the industry's regulatory and insurance system is lead by the most qualified individuals. Sen. Metsger should complement the skills and talent on the NCUA board well with a solid focus on the future."


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