Former Oregon State Senator Rick Metsger Nominated by President Obama to NCUA Seat

Former Oregon State Sen. Rick Metsger (D) has been tapped by President Barack Obama to fill a vacant seat on the three-member National Credit Union Administration (NCUA) board.

The White House announced the President’s intent to nominate Metsger Wednesday afternoon. If confirmed by the U.S. Senate, Metsger will join the NCUA’s three-person board.

Metsger is currently President of Parakletos Strategic Public Affairs, LLC, a position he has held since 2010. Additional highlights from his resume include:

  • Oregon state senator 1999-2011
  • Oregon senate president pro-tempore 2009-2011
  • Chairman of the Oregon senate committee that heard all financial institution legislation
  • Oregon state Debt Policy Advisory Commission member 2001-2011
  • Board member of Financial Beginnings, a nonprofit agency focused on increasing students’ financial literacy
  • Former Board of director on Portland Teachers Credit Union 1993-2001

Commending President Obama on the nomination, NCUA Chair Debbie Matz said, “Serving on the NCUA Board is a tremendous honor, and I sincerely congratulate Senator Metsger on his appointment by the Obama Administration.”

Matz noted Metsger’s service as a state legislator and credit union Volunteer board member, saying, “Rick will bring valuable perspectives to 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.”

Troy Stang, President and CEO of the Northwest Credit Union Association, also lauded the nomination.

“Senator 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 Stang. “With so many consumers showing interest in the cooperative credit union system, it’s important the industry’s regulatory and insurance system is lead by the most qualified individuals. Senator Metsger should complement the skills and talent on the NCUA board well with a solid focus on the future”

Added NCUA Board member Michael E. Fryzel: “I extend my sincerest congratulations to Senator Metsger on his nomination by President Obama…It is an honor and privilege to serve, and I wish him every success in his confirmation process.”

The NCUA’s full-time board members are appointed by the President and confirmed by the U.S. Senate. No more than two board members can be from the same political party. Matz and Metsger are Democrats.

 

Questions? Contact Lynn Heider: 503.350.2225, lheider@nwcua.org.

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