Debbie Matz was nominated by President Barack Obama to serve as the eighth board chair of the National Credit Union Administration (NCUA). After confirmation by the U.S. Senate on August 7, 2009, she was sworn in as NCUA Chairman on August 24, 2009. Mrs. Matz served as an NCUA Board member from January 2002 to October 2005 and is the first NCUA board member to return for a second term. She was nominated for her first term by President George W. Bush.
As NCUA Chairman, Mrs. Matz heads the independent agency overseeing the regulation and supervision of federal credit unions and the National Credit Union Share Insurance Fund (NCUSIF), which protects accounts at more than 6,600 federally insured credit unions serving nearly 96 million members and managing more than $1 trillion in assets.
Chairman Matz has led NCUA through the worst financial crisis since the Great Depression. She oversaw the reform of the corporate credit union system, raising nearly $30 billion from the sale of securitized notes to provide liquidity to the system. She challenged Wall Street firms that sold securities with inflated ratings to the corporate credit unions, winning more than $1.75 billion dollars in settlements so far, with 16 lawsuits still pending.
Chief of Staff