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NCUA Board Chairman Debbie Matz on Monday designated Board Member Rick Metsger as the agency board's vice chairman, effective immediately.

"Rick has built on his experience and knowledge as a legislative leader and a credit union board member to become a strong, objective, and thoughtful regulator," Matz said in making the designation. "Rick is faithfully committed to our shared goal of protecting the safety and soundness of America's credit unions and the 97 million members who count on NCUA to insure their funds. During his time on the Board, Rick has stood firm on regulatory principles, asked insightful questions, and strived toward sound public policy in our Board decisions."

"I am honored by this appointment and grateful to Chairman Matz for placing her confidence in me," Vice Chairman Metsger said. "I look forward to continuing our work safeguarding the more than $1 trillion held by America's credit unions in trust for their members."

NAFCU President and CEO Dan Berger congratulated Metsger on his appointment as NCUA's vice chairman. "Mr. Metsger has proven to be a thoughtful regulator of credit unions and an engaged stakeholder," said Berger. "We look forward to continuing to work with him and the entire agency to ensure a positive regulatory environment for credit unions, especially concerning the proposed risk-based capital rule."

Metsger's board term continues to Aug. 2, 2017. He was appointed the board's representative to NeighborWorks America this January.