NCUA Media Advisory

President Obama Announces Intent to Nominate Matz to NCUA Chair

May 22, 2009, Alexandria, Va. -President Barack Obama last night announced his intent to nominate Deborah Matz to the Chair of the National Credit Union Administration.  Ms. Matz had previously served on the NCUA Board from March 2002 until September 2005. 

Her prior experience in government is extensive.  In addition to the NCUA, Matz had served as a Deputy Assistant Secretary in the U.S. Department of Agriculture, and on the Congressional Joint Economic Committee.  Most recently she had been Executive Vice President and COO of Andrews Federal Credit Union in Maryland. 

NCUA Chairman Michael E. Fryzel issued the following statement regarding the nomination. 

"The President's choice of Deborah Matz is a wise and sound one, a choice that speaks well both of Ms. Matz' past service and future promise.  When confirmed, she will assume the Chairmanship of the NCUA at a historic time marked by significant challenges.  I extend every good wish and confidence in her abilities to carry out her responsibilities with distinction.

The last ten months have arguably been the most difficult period in the first century of the credit union movement, and it has been a true privilege and honor to serve as NCUA Chairman.  I have seen problems and moved to address them; I have seen uncertainties and tried to calm them; I have seen opportunities and worked to maximize them.  And I have been inspired by the extraordinary dedication both of the NCUA staff, and the professionals and volunteers in the industry that they serve.

The stresses, difficulties and ultimately the successes of these days will not be easily forgotten.  As we move into the next chapter of the story, I am hopeful that every facet of the credit union system be united by a common purpose to constantly improve and better not only the credit unions themselves, but most importantly the members upon whom they depend." 

If confirmed by the U.S. Senate, Ms. Matz's term on the NCUA Board would conclude April 10, 2015.
The National Credit Union Administration is the independent federal agency that regulates charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 90 million account holders in all federal credit unions and the majority of state-chartered credit unions.

 

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