Metsger Sworn In As NCUA Board Member
New National Credit Union Administration Board Member Richard Metsger outlined his vision for the credit union system in a private swearing-in ceremony on Capitol Hill on August 23.
"As I said during my confirmation hearing, my vision is for NCUA to be recognized as an agency that manages its own fiscal house well, proposes regulatory action that is effectively targeted to achieve the desired outcome without placing unnecessary burdens on the credit unions themselves and, above all, maintains the confidence and trust the American public places in their local credit union," Metsger said.
Metsger, who will serve as the 20th NCUA board member, was sworn in by NCUA General Counsel Michael McKenna. He fills the seat vacated late last year after the term of board member Gigi Hyland expired.
A former Oregon state senator, Metsger was named as an NCUA Board candidate by President Obama in June. His nomination moved quickly through the confirmation process, receiving Senate approval just before the August recess.
He will attend his first NCUA board meeting as an agency leader on Sept. 12.