Debbie Matz was nominated by President Barack Obama to serve as the eighth board chair of the National Credit Union Administration. After confirmation by the U.S. Senate on August 7, 2009, she was sworn in on August 24, 2009. Mrs. Matz is no stranger to NCUA and credit unions having served as a board member at NCUA from January 2002 to October 2005. As Chair of the NCUA Board, Mrs. Matz is the spokesperson for the agency and oversees the regulation of federal credit unions and the administration of the federal insurance fund covering approximately 8,000 credit unions with over $800 billion in assets. Prior to becoming NCUA board chair she served on President Obama’s Economic Transition Team. From 2006 until June 2008 she was the Executive VP/CEO of a federal credit union serving 90,000 members with branches in the United States and Europe. A public servant for 26 years, Mrs. Matz was appointed by President Bill Clinton to serve in the U.S. Department of Agriculture from 1993 to 2001.