Former NCUA Chairman Debbie Matz has been elected to the board of directors of the $8 billion Mutual of Omaha Bank in Nebraska.
Matz has the distinction of having served on credit union regulatory board for two separate terms, having been first appointed by President George W. Bush in 2002 and then returning to the agency when President Barak Obama appointed her to serve as chairman in August 2009.
She stepped down, after having served as a holdover, earlier this year. During her most recent tenure at NCUA, Matz oversaw the agency's response to the financial crisis.
"Debbie Matz brings unparalleled experience and expertise in the oversight, management and regulation of financial institutions," said Jeff Schmid, chairman and CEO of Mutual of Omaha Bank. "She demonstrated vision, integrity and innovation while leading the credit union system through the worst financial crisis since the Great Depression, and has been at the forefront of cybersecurity for financial institutions. She will bring a valuable perspective to the board of directors, and we look forward to her contributions."
Though Matz is best known for her work at NCUA, she also brings in-the-trenches experience to bear, having worked as executive vice president at Andrews FCU in the years in between her two appointments to the credit union regulator.
Prior to joining the agency the first time, Matz served as deputy assistant secretary for administration of the U.S. Department of Agriculture; and worked on Capitol Hill for 12 years in various roles, including nine years as an economist with the Congressional Joint Economic Committee.
