Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: Metsger Sworn In As NCUA Board Member
WASHINGTON (8/23/13, UPDATED: 11:15 A.M. ET)--New National Credit Union Administration Board Member Richard Metsger outlined his vision for the credit union system in a private swearing-in ceremony on Capitol Hill this morning.

Click to view larger image Richard Metsger, left, was sworn in as the National Credit Union Administration's newest board member this morning by NCUA General Counsel Michael Mckenna. Looking on is Velma Hall, Metsger's mother. Credit Union National Association President/CEO Bill Cheney attended the ceremony. (Photo provided by NCUA)
"As I said during my confirmation hearing, my vision is for NCUA to be recognized as an agency that manages its own fiscal house well, proposes regulatory action that is effectively targeted to achieve the desired outcome without placing unnecessary burdens on the credit unions themselves and, above all, maintains the confidence and trust the American public places in their local credit union," Metsger said.

Metsger, who will serve as the 20th NCUA board member, was sworn in by NCUA General Counsel Michael McKenna.

"I will do everything within my power to fulfill the trust placed in me by the president and the Congress to ensure both the integrity and the continued safety and soundness of our nation's credit union system in a rapidly changing marketplace. For me, the most important task is the continued protection of the Share Insurance Fund, which protects credit union member deposits up to $250,000, from losses," Metsger added.

Immediately following the swearing-in, Metsger was scheduled to attend a reception in his honor at Credit Union House organized by the Northwest Credit Union Association. A number of credit union leaders from throughout the system, including the Credit Union National Association and state leagues, will be in attendance.
Other Resources

NCUA Release
RSS print
News Now LiveWire
W/voting in RI, NH complete, the credit unions of Mass. R expected to finish voting on a plan to merge the three state #CU leagues today.
9 minutes ago
7 fed agencies involved in 2day's 2 pm ET fair lending webinar hosted by @federalreserve @TheNCUA to participate http://t.co/Mh9OvOt8c9
15 minutes ago
Today Ntl Fed of CDCUs holds 2 pm ET webinar on performance, profiles, prospects of #CDFI #CUs http://t.co/x4Z9UiKK4u
30 minutes ago
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
16 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
18 hours ago