|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."
WCMS HONORS 2014 GRADUATING CLASS updated
07/29/14 09:58 AM
Weidler Receives 'Highest Honors'
Nearly 90 students from the “Mu” Class proudly received their Western CUNA Management School (WCMS) diplomas last Thursday night at Pomona College in Claremont, CA, where a lively audience cheered another successful send-off of credit union leaders who are devoted to keeping the credit union philosophy alive.
REGULATORY REACTION: HIT OR MISS updated
07/29/14 09:50 AM
Leaders Discuss the Changing Landscape
The credit union industry’s overwhelming response in sending more than 2,000 letters to the National Credit Union Administration (NCUA) on the agency’s risk-based capital proposal is extremely rare. So what’s different this time around?
NATIONAL REG ADVOCACY TOOL LAUNCHED updated
07/25/14 01:55 PM
'PowerComment' Combats Burdens
PowerComment, a highly-interactive online resource that helps credit unions take their regulatory concerns directly to regulators, was officially announced today during the summer American Association of Credit Union Leagues (AACUL) meeting.
CELEBRATE 100 MILLION MEMBERSHIPS updated
07/24/14 03:42 PM
National Awareness Campaign
The credit union movement is on pace to reach 100 million memberships this summer. To commemorate this milestone, the Credit Union National Association (CUNA) launched the “100 Million Memberships” campaign, and invites all credit unions to participate.