August 24, 2014

NCUA Board vote on Metsger appointment next month

Aug. 8, 2014 – The NCUA Board will hold a formal vote next month to affirm Chairman Debbie Matz's recent designation of Rick Metsger as the agency's vice chairman, an NCUA spokesman confirmed Thursday.

Credit Union Times reported the scheduling of this vote yesterday. According to the report, Todd Harper, director of NCUA's Office of Public and Congressional Affairs said, "Given the concerns raised, the chairman has decided that the board will take action in September to affirm the designation."

NCUA's rules and regulations state a second member is designated by the board to be vice chairman; however, the Federal Credit Union Act is silent on the matter.

Metsger's board term continues to Aug. 2, 2017. Matz appointed him vice chairman Monday.

NCUA's last vice chairman was Rodney Hood, who served on the board from 2005 to 2009.