WASHINGTON (5/17/13)--National Credit Union Administration board nominee Rick Metsger's direct experience with credit unions, which came through his having served on an Oregon credit union's board, will serve him well if he is ultimately confirmed, Credit Union National Association President/CEO Bill Cheney said.
Metsger, a former Democratic state senator from Oregon, was officially nominated by the White House on Wednesday. If confirmed, he would fill the vacant seat on the three-member NCUA board. His nomination is subject to U.S. Senate confirmation.
Metsger's knowledge of the political process and banking issues is also a plus, Cheney added. "We look forward to working with the Senate as it considers the nomination and the process moves forward," he said.
NCUA Chairman Debbie Matz said Metsger, if confirmed, "will bring valuable perspectives" to the agency.
The nominee served as Oregon state senator from 1999 to 2011, and was Oregon Senate president pro-tempore from 2009 to 2011. He led an Oregon Senate committee that heard all financial institution legislation during his time in state government.
Metsger also served as a board member of Financial Beginnings, a nonprofit focused on increasing students' financial literacy, and Portland Teachers CU.