Matz Resigns NCUA Board

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ALEXANDRIA, Va. - (09/12/05) -- Deborah Matz told the White HouseMonday she is resigning her seat on the NCUA Board as of September30, leaving the three-person panel with just one active member.Matz, whose term on the Board expired last month, said she hopesPresident Bush will nominate a successor and the successor will beseated on the Board by October's monthly Board meeting. Herresignation will leave Chairman JoAnn Johnson as the only sittingmember on the Board. In most cases, NCUA Board members agree tocontinue serving as holdovers until a successor is seated on thepanel. Rodney Hood, an executive with the U.S. AgriculturalDepartment, has been nominated to fill one of the two vacanies onthe Board. GiGi Hyland, general cousel at Empire Corporate FCU anda long-time credit union operative, is expected to be nominatedsoon for the other vacancy.

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