Obama Nominates Matz to NCUA ChairPresident Barack Obama has nominated Deborah Matz to the Chair of the National Credit Union Administration. Matz previously served on the NCUA Board from March 2002 until September 2005. She would replace the current vice chair, Rodney Hood, whose six year term ended April 10.
The National Credit Union Administration (NCUA), governed by a three-member board, is the independent federal agency that charters and supervises federal credit unions. The NCUA Board members are appointed by the President and confirmed by the Senate to regulate all federally-chartered credit unions and administer the federal fund insuring member accounts in approximately 8,000 credit unions nationwide. The other two members of the board are Chairman Michael Fryzel and board member Gigi Hyland. Fryzel's term ends August 2013.
Matz's prior experience in government is extensive. In addition to the NCUA, Matz has 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.
If confirmed by the Senate, Matz's term on the NCUA Board would conclude April 10, 2015.