|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."
CA LEADERS MEET WITH CFPB OFFICIAL updated
10/17/14 10:31 PM
An 'Extremely Worthwhile' Discussion
Nearly 15 credit union leaders recently met at California Coast CU in San Diego with Jennifer Stockett, senior advisor for the office of financial institutions and business liaison at the Consumer Financial Protection Bureau (CFPB).
'REACH' INNOVATION GROUP LAUNCHED updated
10/17/14 09:37 AM
Leagues and Filene Research Institute
The California and Nevada Credit Union Leagues are looking for 16 credit union leaders to join the 2015 REACH Innovation Group.
CUs ACROSS THE GLOBE HONOR ICU DAY updated
10/16/14 10:26 AM
Today Marks The 67th Celebration
Credit unions around world are coming together in honor of International Credit Union Day—a celebration that started back in 1948 to reflect upon the industry’s rich history and to promote its achievements and impact. It is also a time to honor those who have dedicated themselves to movement and show appreciation to all credit union employees and members.
ECONOMY: JOBS AND HOUSING IN FOCUS updated
10/14/14 09:55 PM
Past Performance No Guarantee of Future
Jobs and housing drive many components of the credit union business. So how are we faring in California and Nevada?