President Obama yesterday named Deborah Matz, an NCUA board member from 2002-2005, to be the new chairman.
Matz, a former executive vice president/COO of Andrews Federal Credit Union in Suitland Maryland, was a deputy assistant secretary of agriculture during the Clinton administration.
During her tenure, on the NCUA Board she was especially concerned about the health of small credit unions and worked to strengthen the agency's efforts to help them and deal with regulations. She was also a large proponent of risk-based pricing on loans and encouraged credit unions to do more work in low-income areas. For part of her time on the board, there were only two members–Matz and Chairman JoAnn Johnson–and they had difficulty reaching consensus because while they got along well personally they had strong philosophical disagreements.
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