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e. The National Credit Union Administration ( NCUA) is an American government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions.
The U.S. Senate confirmed Mr. Metsger on August 1, 2013, and he took the oath of office on August 23, 2013. He served as the ninth NCUA Board Chairman from May 1, 2016, through January 22, 2017. Prior to his political career, Metsger was a sportscaster, teacher, and served on the board of directors of a credit union in Portland, Oregon.
Kyle S. Hauptman is the Vice Chairman of the National Credit Union Administration (NCUA). [1] He was nominated [2] to serve the position on the NCUA Board on June 15, 2020, by President Donald J. Trump. [3] The US Senate voted to confirm his appointment on December 2, 2020, [4] and he was sworn in as a member of the NCUA Board on December 14 ...
The Federal Credit Union Act is an Act of Congress [1] enacted in 1934. The purpose of the law was to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions. This Act established the federal credit union system and created the Bureau of Federal Credit Unions, the predecessor to the National ...
President Obama nominated Matz on June 1, 2009, to serve a six-year term on NCUA's board and selected her as NCUA's board chairman. After the U.S. Senate confirmation, Matz took the oath of office on August 24, 2009. Her term expired April 10, 2015, and she served until April 30, 2016.
The NCUA Board approved the funds to create the Office of Consumer Protection in November 2009 and the new office became fully functional in 2010. NCUA Board Member (July 29, 2008– August 26, 2014) Michael E. Fryzel was appointed by President George W. Bush to a seat on the NCUA Board on November 30, 2007.
J. Mark McWatters. John Mark McWatters is a lawyer, accountant and former board member of the National Credit Union Administration (NCUA). He was appointed by President Donald Trump on June 23, 2017, to serve as the tenth board chairman of the NCUA, and resigned from the NCUA Board on November 20, 2020. McWatters was previously designated by ...
On August 1, 2023, the association’s board of directors announced its intent to merge the association with the National Association of Federally-Insured Credit Unions, forming a new entity called America's Credit Unions. The merger became effective as of 2024 and longtime CUNA CEO Jim Nussle is the president and CEO of the new association.