U.S. Senate Confirms Oregonian Rick Metsger to NCUA Board

Oregonian Rick Metsger will become the third member of the three-person board of the National Credit Union Administration (NCUA) following a swearing in ceremony. Metsger’s nomination to the board was confirmed by the U.S. Senate Thursday.

“We welcome Rick Metsger to the NCUA board,” said Troy Stang, president and CEO of the Northwest Credit Union Association (NWCUA). “As a former Oregon State Senator he demonstrated his commitment to public service and professionalism, especially in his leadership of committees that impacted financial services. As a former credit union board member he has the perspective of a Main Street member, but also insight into the complexities of operating a credit union. Regulation and oversight of the credit union movement is a big responsibility and we know he will take it seriously.”

Metsger is a native of the northwest, and was born in Sandy, Oregon in 1951. He earned both a bachelor’s degree in communication and a master’s degree in teaching from Lewis and Clark College. Metsger taught at Sam Barlow High School in Gresham, Oregon for three years, before becoming a popular sports anchor and investigative reporter for KOIN TV in Portland. He was a fixture on local television screens for fifteen years. He was perhaps best known for producing an award-winning investigative report exposing leaking nuclear waste at the Hanford Nuclear Site.

Metsger is a long-time credit union member and was a volunteer director on the board of the former Portland Teacher’s Credit Union.

He served in the Oregon State Senate for more than a decade, and then became the principal at MetsgerForbes LLC, a strategic issues management firm.

President Barrack Obama nominated Metsger in May to fill the NCUA board vacancy created by the expiration of Gigi Hyland’s term in late in 2011. Metsger appeared in a hearing before the Senate Committee on Banking, Housing & Urban Affairs on June 27 and subsequently the committee recommended full Senate confirmation.

“Rick’s confirmation to the NCUA Board is a positive development for credit unions and their nearly 95 million members,” said NCUA Chair Debbie Matz. “His personal commitment to public service, his breadth of policymaking experience and his unique perspective on financial services issues are welcome additions to the NCUA Board. I welcome Rick to the NCUA Board and look forward to working with him.”

Sen. Metsger will join Matz and Michael E. Fryzel on the NCUA board. While Fryzel’s term officially expires today, August 2, 2013, it appears he plans to continue service to the board as he also welcomed Metsger.

“Congratulations to Senator Metsger on his confirmation by the U.S. Senate to serve on the NCUA Board,” said Fryzel. “I look forward to his joining myself and Chairman Matz as we put forth our best efforts to work with the credit union industry in maintaining a safe and sound system for the more than 94 million Americans who enjoy the excellent financial services credit unions provide.”

Metsger’s confirmation process was smooth at a time when congress has been divided and has denied or delayed other nominations. From the time his nomination was announced through this week’s confirmation, Metsger encountered no speed bumps in the process.

President Obama has not yet nominated a replacement for Fryzel. According to board structure, no more two of the three members may be from the same political party. Matz and Metsger are Democrats.

The next regularly scheduled meeting of the NCUA board is September 12.

 

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

Posted in NCUA.