|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."
TEENS GET MONEY MANAGEMENT LESSONS updated
12/10/13 03:29 PM
California CU Hosts Bite of Reality Program
A group of 180 freshmen students from Hoover High School in Glendale got a “bite of reality” on Dec. 4 when they attended an interactive financial education simulation designed to teach them how to manage money. The program was hosted by California CU. It was offered by the Richard Myles Johnson Foundation.
SANTA ANA TEENS TAKE BITE OF REALITY updated
12/10/13 03:23 PM
OC CUs Host Interactive Simulation at Century HS
Some 28 teens recently took a "Bite of Reality" and learned the basics of finances and budgeting at Century High School in Santa Ana.
ANOTHER HEARING AND REG RELIEF BILL updated
12/09/13 04:03 PM
This Time, Congress Treats Differently
The Subcommittee on Financial Institutions and Consumer Credit—part of the House Financial Services Committee—met again on Dec. 4 to review legislation aimed at providing regulatory relief for credit unions and community banks.