Metsger pledges to balance burdens vs. benefits
NCUA Board Member Rick Metsger (Dietsch photo)
Sept. 10, 2013 – NCUA Board Member Rick Metsger discussed his long history with the credit union industry and the importance of placing results first in policy making in remarks before credit unions attending Monday’s general session of NAFCU’s Congressional Caucus in Washington.
Metsger, a Democrat and former state senator in Oregon, was making his first public address since his Aug. 23 swearing-in as a member of NCUA's board.
Metsger spoke of his first run for Oregon’s state senate and his success in working with the Senate’s Republican leader – a banker – in passing a financial industry bill that had strong bipartisan support. He recalled comments made in a previous Caucus address today by Sen. Mark Warner, D-Va., in reiterating that “the outcome is more important than my dialogue, and that’s the philosophy that I’m going to take to the NCUA.”
The new NCUA Board member said he understands credit union leaders’ need to always weigh the benefits derived vs. the burdens imposed of a new activity. He said he shares that perspective and said his responsibility and his focus as an NCUA Board member will be to weigh the benefits of the agency’s actions against the burdens on the industry.
Metsger, a credit union member for 41 years and a former credit union board member, said during his tenure, he will hold as paramount the following:
- his overarching responsibility to protect the National Credit Union Share Insurance Fund (here, he acknowledged NAFCU’s early work fighting for creation of this fund); and
- the understanding that the money in the share insurance fund “is your money, and I’m not going to dole it out lightly.”
NAFCU Congressional Caucus