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.
If recent history is any indicator, nomination to the NCUA Board is no assurance of joining the NCUA Board, at least not quickly.
Oregon consultant was named "state legislator of the decade" by state league while serving as state senator.
Former state senator would likely take Gigi Hyland's old spot on the board if approved, sources tell Credit Union Times.
On a vote of 24-6, the Oregon Senate has adopted a House-passed bill clearing the way for credit unions to offer public funds above $250,000 starting in 2013.