WASHINGTON – NCUA Board Member Richard Metsger outlined his vision for the credit union system in a private Friday swearing-in ceremony on Capitol Hill.
NJCUL President/CEO Greg Michlig (right) with new NCUA Board Member Richard Metsger (left) at his swearing-in on Friday.
"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.
NJCUL President/CEO Greg Michlig and three other league presidents joined CUNA President/CEO Bill Cheney at the swearing in. "CUNA looks forward to working with Mr. Metsger as he starts his tenure on the board, knowing that he can rely on his experience as a credit union board member in dealing with the challenges that credit unions face today," Cheney said after the ceremony.
Immediately following the ceremony, Metsger attended a reception in his honor organized by the Northwest Credit Union Association (NWCUA) at Credit Union House.
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 official board meeting on September 12.