|Rick Metsger, new Board Member for the National Credit Union Administration (NCUA)|
NEW NCUA BOARD MEMBER SWORN IN
updated 08/15/13 02:40 PM
Metsger's Nomination Widely Supported
The National Credit Union Administration's new board member, the honorable Richard T. "Rick" Metsger, was sworn in Aug. 23. He replaces former Board Member Gigi Hyland, who left the agency in October 2012.
Metsger’s experience includes serving as Oregon state senator from 1999-2011, where he chaired the Oregon Senate committee that heard all financial institution legislation. He was a member of the board of directors at Portland Teachers CU from 1993-2001, and he has also been a board member of Financial Beginnings, a nonprofit focused on increasing students' financial literacy.
In June, Metsger remarked before the Senate Banking Committee that he will focus on "updating, simplifying, eliminating and clarifying existing rules to ensure that they are effective, but not excessive, consistent with safety and soundness."
Metsger also said the following regarding protecting the National Credit Union Share Insurance Fund (NCUSIF): "Because the fund is capitalized by member credit unions themselves, it is in the best interest of member credit unions to have a strong, forward-looking regulator, committed to protecting the fund from losses."
Sharon Lindeman, vice president of regulatory advocacy for the California and Nevada Credit Union Leagues, said, “Metsger’s nomination was widely supported, partly based on his experience as a credit union board member. We look forward to working with him on future rulemakings and supervision issues."
SAN MATEO CU CEO TO RETIRE updated
08/29/14 04:49 PM
Barry Jolette Served 27 Years
San Mateo CU board of directors announced its CEO Barry Jolette will retire after 27 years of service. He has demonstrated a close dedication to the credit union movement through his various leadership roles on local, national, and international levels. He served as the California Credit Union League Chairman in 1996; and in 1997, he was elected to the Credit Union National Association board of directors and named its chair in 2001 (until 2003)..
NCUF RELEASES ANNUAL REPORT updated
08/29/14 02:44 PM
Activities From Last 12 Months
The National Credit Union Foundation (NCUF) released its 2013-2014 Annual Report, entitled “Improving People’s Financial Lives through Credit Unions.” The report highlights the organization's program and grant activities during the past 12 months.
WEEKLY E-FILING BILL SIGNED INTO LAW updated
08/28/14 02:18 PM
Will Streamline Reports for CUs
California Gov. Jerry Brown has signed Assembly Bill 2298, legislation that will allow financial institutions which hold local agency deposits to submit their weekly reports to the California Department of Business Oversight (DBO) electronically rather than through U.S. mail.
RMJ GOLF TOURNAMENT RAISES 41k updated
08/27/14 12:56 PM
Event Attracts Nearly 100 Players
The Richard Myles Johnson Foundation/CUNA Mutual Golf Tournament, held Aug. 18 at the Newport Beach Country Club in Newport Beach, CA, raised $41,000 for the state foundation for credit unions in California and Nevada.