President Obama selected NCUA Vice Chairman Rick Metsger as theNCUA board's new chairman Monday. He replaces Debbie Matz, who lefther position at the end of April.

Metsger joined the NCUA board in August 2013 and was electedvice chairman in September 2014.

Although Metsger was selected as vice chairman, the NCUA boardremains in a state of flux. Obama has not yet nominated a new member of the board. Inaddition, the president nominated NCUA board member Mark McWattersto serve on the board of the Export-Import Bank.

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