Multiple sources have told Credit Union Times that President Barack Obama intends to nominate former Oregon State Sen. Rick Metsger to serve on the NCUA Board.
If confirmed by the Senate, the Democrat would likely replace former Board Member Gigi Hyland, who left the NCUA last Oct. 5, after serving more than a year past her term's expiration. The choice of a Democrat by Obama to replace Hyland is an odd one, because the term would presumably be just four years.
According to the NCUA's website, each member serves a staggered six-year term, a restriction that dictates the shorter term to replace Hyland.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
