Last week Credit Union Times, via CUTimes.com, broke the story that former Oregon Senator Rick Metsger was going to the be the White House's nominee to fill the vacant seat on the NCUA Board, later confirmed by the administration.
Metsger has a strong credit union background, which was a part of credit unions' wish list. From 1993 to 2001, Metsger served as a volunteer board member at Portland Teachers CU, now OnPoint Community CU with $3.3 billion in assets. He also has consulted for the Northwest Credit Union Association. As an interesting historical note, CEO of the NWCUA Troy Stang made a go at the NCUA Board to replace Dennis Dollar but instead ended up at Treasury's Community Development Financial Institutions Fund.
Demonstrating his credit union bona fides long before this step in his political career, Metsger (then a state senator and partner in his public relations firm) wrote in a letter to the editor to Credit Union Times in 2004:
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