The NCUA, governed by a three-member board, is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of 92.5 million account holders in all federal credit unions and many state-chartered credit unions.
As Chair of the NCUA Board, Mrs. Matz is the spokesperson for the agency and oversees the regulation of federal credit unions and the administration of the federal insurance fund covering approximately 7,000 credit unions with over $1 trillion in assets. In addition to chairing the NCUA Board, Mrs. Matz serves as Chair of the Federal Financial Institutions Examination Council (FFIEC). The FFIEC was established in 1979, pursuant to an act of Congress, to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions, to make recommendations to promote uniformity in the supervision of financial institutions, and to conduct schools for examiners.
Prior to becoming NCUA board chair, Mrs. Matz served on President Obama’s Economic Transition Team. From 2006 until June 2008, Mrs. Matz was the Executive Vice-President/Chief Operating Officer of a federal credit union serving 90,000 members with branches in the United States and Europe. Mrs. Matz was appointed by President Bill Clinton to serve in the U.S. Department of Agriculture from 1993 to 2001. As Deputy Assistant Secretary for Administration, she oversaw the administrative arm of the 100,000-employee agency.
Mrs. Matz has extensive experience on Capitol Hill. She served for nine years as an economist with the Congressional Joint Economic Committee where she advised Members of Congress on a wide range of domestic policy issues, and as a legislative assistant to Congressman Peter Peyser (R-NY).
She received a master’s degree from George Washington University and a bachelor’s degree from Cornell University. A native New Yorker, she is married to Marshall Matz, has two grown children and resides in McLean, Virginia.