Metsger New NCUA Board Chair; NCUA to Open $2 Million Grant Round June 1
May 2, 2016
May 3, 2016
President Barack Obama has appointed National Credit Union Administration Board Vice Chairman Rick Metsger to be the ninth Chairman of the NCUA Board.
Metsger succeeds Board Chairman Debbie Matz, whose tenure ended April 30.
“I deeply appreciate the trust President Obama has placed in me,” Metsger said, “and I look forward to the challenges and opportunities ahead as the agency strives to protect credit union members and provide a modern regulatory framework for credit unions to innovate and grow safely and soundly. NCUA has a hard-working staff dedicated to the agency’s mission, and I am proud to serve with them.”
Metsger joined the NCUA Board in August 2013, and the Board unanimously elected him as Vice Chairman in September 2014.
“Congratulations to Rick on his appointment by President Obama as Chair of the NCUA,” Board Member J. Mark McWatters said. “I look forward to working with Rick to bring true regulatory relief to the credit union community while protecting the safety and soundness of the Share Insurance Fund.”
During his tenure as Vice Chairman, Metsger has focused on modernizing regulations and the federal credit union charter in order to provide credit unions with greater flexibility to innovate and grow as well as regulatory relief. Metsger led the agency’s efforts to update its regulations concerning fixed assets and credit unions’ fields-of-membership regulation.
Metsger has worked in both the public and private sectors. Prior to joining NCUA’s Board, Metsger served in the Oregon State Senate from 1999 until 2011. He was elected Senate President Pro Tempore in 2009. During his Senate service, he was chief sponsor of legislation the state enacted to expand fields of membership for state-chartered credit unions.
“We are excited at the news of Vice Chairman Metsger’s appointment to Chair of the NCUA Board,” said Troy Stang, President & CEO of the Northwest Credit Union Association. “We look forward to his continued service and wish him well in this new role.”
Metsger also served on the Oregon State Treasury Deficit Policy Advisory Commission and as a director of Financial Beginnings, a non-profit organization providing financial education to children and young adults.
A former teacher and broadcast journalist, Metsger also was a member of the board of the Portland Teachers Credit Union for eight years, rising to the office of Vice Chairman.
Metsger holds a bachelor’s degree in communications and a master’s degree in teaching from Lewis and Clark College in Portland, Oregon.
NCUA Opening $2 Million Grant Round June 1
Low-income credit unions seeking support to grow, train staff and improve security should consider applying for Community Development Revolving Loan Fund assistance grants from the National Credit Union Administration.
“These grants are important investments in credit unions, their members and their communities,” said Debbie Matz, NCUA Board Chair. “I encourage all low-income credit unions to learn more about the grant program and consider applying. There is assistance available to help you offer new products and services, train your staff, hire interns or strengthen your cyber security.”
NCUA will accept grant applications between June 1 and June 30. Interested credit unions may submit one application for all initiatives using NCUA’s CyberGrants program. Each credit union may apply for more than one initiative; however, grant awards are subject to the availability of funds.
The four eligible initiatives and maximum grant awards are:
- Capacity and growth: Credit unions considering new lending programs, deposit products or other growth strategies to increase members’ financial service opportunities may apply for up to $15,000 in assistance.
- Cyber security: Up to $7,000 will be available for each eligible credit union to enhance cyber security and protect member information.
- Staff training: Grants of up to $3,000 will be available for selected credit unions to pay for training related to credit union operations, including compliance, lending and collections.
- Student internships: Up to $4,000 will be available to each credit union to hire students enrolled in high school or college.
May 11 Webinar will Cover Grant Process
NCUA will offer a 90-minute webinar, “NCUA 2016 Grant & Loan Opportunities,” to help credit unions learn more about the grant process.
The webinar will be held Wednesday, May 11, beginning at 2 p.m. Eastern. Online registration is available here. Participants will use this same link to log into the webinar. Registrants should allow pop-ups from this website. There is no charge.
Dominic Carullo, economic development specialist with NCUA’s Office of Small Credit Union Initiatives, will joined by a panel of OSCUI staffers: Geetha Valiyil, OSCUI comptroller; Susan Carter, financial analyst, and Ikenna Nwankpa, grant administrator.
The webinar will cover the grant application process and the four eligible grant initiatives as well as urgent-needs grants and loans that are available year-round. A 30-minute question-and-answer session will follow.
Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read, “NCUA 2016 Grant Webinar.” Participants with technical questions about accessing the webinar may email firstname.lastname@example.org. This webinar will be closed captioned and then archived online here approximately three weeks following the live event.
NCUA’s Office of Small Credit Union Initiatives administers the Community Development Revolving Loan Fund grants. The office also fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions, minority depository institutions and credit unions with a low-income designation.
Questions about this story? Contact Eric Horvath: 503.350.2222, email@example.com.